Mubasher: Gulf Cable and Electrical Industries announced it has received a purchase order valued at KWD 1.23 million ($4.05 million) from a local contracting company.
The order covers supplying low- and medium-pressure cables, according to a bourse statement on Monday.
This deal is expected to generate an estimated 5% operating profit of the order value.
The financial impact will be realised in the income statements of the first half of fiscal year 2019.
At the stock level, Gulf Cable closed Monday’s session at 369 fils.
