Kuwait - Mubasher: Humansoft Holding posted on Thursday a rise of 56.9% in its profits for the third quarter of fiscal 2016 to KWD 4.99 million ($16.48 million), versus KWD 3.18 million ($10.5 million) for Q3-15.
Net profit for the first nine months of 2016 grew by 99.8% to KWD 16.22 million from KWD 8.12 million for the same period of 2015, according to a bourse filing.
The company attributed the rise in net profits to higher revenues resulting from the growth in business volume.
The company earlier reported a net profit of a net profit of KWD 5.04 million for Q2-16, 171% up from KWD 1.86 million for Q2-15.
The stock ended today’s session rising by 1.2% to KWD 1.68.
