Mubasher: Integrated Holding Co achieved an increase of 59.7% in profits during the second quarter of 2018 compared to the same period last year.
Earnings grew to KWD 5 million ($16.5 million) in Q2-18 from KWD 3.13 million ($10.3 million) in Q2-17, according to a bourse statement on Monday.
During the first half of 2018, Integrated Holding recorded a surge of 54.6% in profits to KWD 9.97 million compared to KWD 6.45 million in the same half in 2017.
Integrated Holding clarified that the growth in H1 profits is attributed to higher operating revenues, an increase in operating and using equipment, and differences from currency exchange.
It is noteworthy that during the first quarter of 2018, Integrated posted a rise of 49.7% in profits to KWD 4.97 million from KWD 3.32 million in the same quarter last year.
