Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) reported a surge of 302.7% in profits during the third quarter ended 31 December, 2016 as compared to the same period a year ago.
Net profit increased to nearly KWD 600,700 ($1.96 million) in the third quarter ended 31 December, 2016 from around KWD 149,200 ($487,650) in the same period of 2015, the company said in a bourse filing issued on Wednesday.
During the nine-month period, earnings retreated by 11.21% to KWD 1.73 million from KWD 1.95 million in the corresponding period a year ago.
At the stock level, Burgan Drilling fell by 2.06% to total 95 fils.
