Kuwait – Mubasher: Combined Group Contracting Company achieved a profit of nearly KWD 510,120 ($1.67 million) during the first quarter of 2017, against a loss of around KWD 616,370 ($2.01 million) in the same period a year ago.
The company clarified that the positive performance in Q1 financials resulted from a higher gross profit of the mother company, according to a bourse statement issued on Sunday.
At the stock level, Combined Group on Sunday rose by 1.82% to 560 fils by 9:50 am Kuwait time.
