Kuwait – Mubasher: Kuwait Foundry swung from losses into profits during the third quarter of the fiscal year 2016, a Monday's bourse filing revealed.
The company registered KWD 168,990 ($556,070) profits in Q3-15 against KWD 2.39 million losses ($7.56 million) for the year-ago period.
In the first nine months, the company recorded KWD 1.33 million profits versus KWD 2.31 million losses.
Earlier, the company announced earning KWD 1.16 million in the first six months, higher 1377% year-on-year from KWD 78, 530.
