Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported KWD 1.85 million ($6.13 million) profits in the first quarter of 2016 as compared to the same quarter in 2015; a surge of 158.7%, the company said in a statement issued Wednesday.
The increase in Q1 earnings resulted was backed by a growth in operating revenues.
HEISCO stock ended Wednesday’s session rising 7.04% to 152 fils, after 1.11 million shares were traded with a value of nearly KWD 166,800.
