Kuwait – Mubasher: Salbookh Trading Co. posted a surge by 304% in net profit for the first nine months of 2015 to KWD 606,210 ($1.99 million), compared with KWD 150,050 ($493,100) in the same period a year ago, according to a bourse filing Sunday.
The Kuwait-listed company ascribed the profit surge to a jump in sales and profit margins due to increased operating efficiency.
The company earlier posted KWD 450,850 net profit for the first half of 2015, up from KWD 109,980 reported in the prior-year period.
