Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) posted a drop of 49.42% during the second quarter ended 30 September, 2016 as compared to the same period a year ago.
Burgan Drilling’s net profit plunged to about KWD 733,050 ($2.4 million) in the second quarter ended 30 September, 2016 from KWD 1.45 million in the same period a year ago, according to a bourse filing issued on Wednesday.
During the first six months ended 30 September, 2016, earnings decreased by 36.84% to KWD 1.13 million from KWD 1.8 million in the corresponding period in the previous year.
At the stock level, Burgan Drilling reached 97 fils at Wednesday’s open.
