Kuwait - Mubasher: Humansoft Holding on Thursday reported a 171% surge in its net profits of the second quarter of 2016, according to a bourse filing.
The company posted KWD 5.04 million ($16.71 million) in Q2-16 compared to KWD 1.86 million ($6.17 million) in the same period of 2015.
Humansoft's net profits also hiked 127.3% to KWD 11.23 million in H1-16 from KWD 4.94 million in the year-ago period.
The increase in net profits was attributed to higher revenues resulted from growing business volume and enhancing operating costs.
