Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported a soar of 62% in profits during the second quarter of 2018 compared to the same period last year.
Earnings enlarged to KWD 2.9 million ($9.59 million) in Q2-18 from KWD 1.79 million ($5.92 million) in Q2-17, according to a bourse filing on Tuesday.
During the first half of 2018, profits increased by 48.9% to KWD 4.78 million from KWD 3.21 million in the same half of 2017.
The growth in H1 profits is attributed to higher operating revenue.
At the stock level, HEISCO closed Tuesday’s session 1.75% lower at 449 fils.
