Kuwait – Mubasher: Gulf Glass Manufacturing registered a drop of 55.4% in profits of the second quarter of 2016 as compared to the same period of 2015.
Earnings grew to about KWD 339,390 ($1.12 million) in Q2-15 from about KWD 760,710 ($2,510) in Q2-14, according to a bourse statement.
During the first half of this year, profits reached about KWD 941,710 versus KWD 1.39 million in the same period of 2015; a decline of 32.3%.
Gulf Glass stock ended Thursday’s session at 325 fils, after nearly 3,730 shares were traded at a value of approximately KWD 1,210.
