Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) achieved a growth of 32.4% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year.
Earnings increased to KWD 1.88 million ($6.25 million) in Q1-18 from KWD 1.42 million ($4.72 million) in Q1-17, according to a bourse statement on Monday.
The growth in Q1 profits is attributed to higher operating revenues.
At the stock level, HEISCO closed Monday’s session 0.62% higher at 324 fils.
