KGL turns profitable in Q2

Kuwait - Mubasher: Kuwait and Gulf Link Transport (KGL) reported a net profit of KWD 464,050 ($1.5 million) in the second quarter of 2016, against a net loss of KWD 397,080 ($1.31 million) in the same quarter last year.

The change in financial results is a result of the increase in industrial activity, the company said in a statement on Tuesday.

At the level of the first half of the year, profits reached KWD 958,450 compared to a net loss of KWD 1.12 million in H1-15.

 

 

Mubasher Contribution Time: 09-Aug-2016 12:47 (GMT)
Mubasher Last Update Time: 09-Aug-2016 12:47 (GMT)