Gulf Glass Manufacturing’s quarterly profits shrink

Kuwait-Mubasher: Gulf Glass Manufacturing’s profits decreased by 4.3% in the first quarter of 2016 as compared to the same period in 2015, according to a bourse statement issued Wednesday.

The earnings decreased to about KWD 602,300 ($2 million) in Q1-16, from nearly KWD 629,300 ($2.09 million) in Q1-15.

Gulf Glass stock closed at 410 fils, after falling 3.53% on Wednesday, as liquidity reached around KWD 5,330 when nearly 12,660 shares were exchanged.

 

Mubasher Contribution Time: 11-May-2016 12:03 (GMT)
Mubasher Last Update Time: 11-May-2016 12:03 (GMT)