Kuwait-Mubasher: Boubyan Petrochemical reported profits worth KWD 1 million ($3.32 million) in the third quarter of 2016 as compared to KWD 109,000 ($362,300) in the same period of 2015, a rise of 817.4%, according to a statement.
The Kuwaiti company achieved earnings worth KWD 6.74 million ($22.433 million) profits in the nine months ended 31 January, 2016 as compared to KWD 1.8 million ($5.991 million) in the corresponding period of 2015, an increase of 274.4%.
Boubyan’s earnings per share grew to 12.89 fils by the end of the nine-month period, compared to 3.42 fils in the same period of the previous year.
Boubyan stock settled at 445 fils, after about 201,300 shares were traded through 17 transactions, with a value approaching KWD 90,000.
