Kuwait – Mubasher: Kuwait Gypsum Manufacturing and Trading reported a 15.7% rise in its profit for the first quarter of 2016, according to a bourse filing on Wednesday.
The company earned KWD 54,140 ($179,340) in Q1, compared with KWD 46,780 ($154,960) for the year-ago period.
Higher Q1 profit is driven by lower general and administrative expenses, the bourse filing indicated.
