Mubasher: Combined Group Contracting achieved a growth of 54.9% in profits during the second quarter of 2018 compared to the same period in the prior year.
Earnings increased to KWD 830,000 ($2.74 million) in Q2-18 from KWD 536,000 ($1.77 million) in Q2-17, according to a bourse statement on Monday.
During the first six months of 2018, Combined Group recorded a leap of 153.3% in profits to KWD 2.66 million from KWD 1.05 million in the same half last year.
It is noteworthy that during the first quarter of 2018, Combined Group reported an incline of 258.7% in profits to KWD 1.83 million compared to about KWD 510,120 in the same quarter last year.
At the stock level, Combined Group closed Monday’s session at 418 fils.
