Kuwait’s Afaq posts higher profits in Q4

Kuwait – Mubasher: Afaq Educational Services reported a growth of 65.6% in profits of the fourth quarter ended 31 August, 2016 as compared to the same period a year ago.

Earnings reached about KWD 301,070 ($992,400) in Q4-16 as compared to nearly KWD 181,840 ($599,400) in Q4-15, the company said in a bourse statement issued Monday.

During the fiscal year ended 31 August, 2016, profits decreased 7.9% stood at KWD 1.031 million as compared to KWD 1.12 million in the prior year.

 

Mubasher Contribution Time: 24-Oct-2016 09:09 (GMT)
Mubasher Last Update Time: 24-Oct-2016 09:10 (GMT)