Kuwait – Mubasher: Kuwait Foundry’s profits for the second quarter of 2016 grew 3.5% year-over-year to KWD 567,050 ($1.87 million) from KWD 547,650 ($1.81 million), according to a bourse filing.
Over the first six months, the company earned KWD 1.16 million, higher 1377.1% compared to KWD 78,530 for the year-ago period.
In the first three months, the company turned a profit after registering KWD 592,400 profits against KWD 78,530 losses logged the year-ago quarter.
The stock quote declined 1.2% to 1.64 fils after 176,000 shares were traded with a 29,000 turnover on Tuesday.
