Mubasher: KGL Logistics reported a decline of 2.08% in profits to KWD 1.84 million ($6.09 million) in the third quarter of 2017 compared to KWD 1.87 million ($6.19 million) in the same period a year ago.
During the first nine months of 2017, earnings increased by 4.47% to KWD 5.88 million from KWD 5.63 million in the corresponding period last year, according to a bourse filing issued on Thursday.
The growth in 9M profits is attributed to a development in the industrial activity in the company, the statement added.
In the first half of 2017, KGL Logistics achieved a growth of 7.6% in profits to KWD 4.05 million from KWD 3.76 million in H1-16.
Boursa Kuwait announced that KGL Logistics’ stock resumed trading on Thursday after it was suspended before exceeding the financials’ disclosure deadline.
