Kuwait - Mubasher: The financial data of Livestock Transport and Trading Company showed a growth in profits by 58.7% for the first quarter of 2017, according to a bourse filing.
The company said in a statement to Boursa Kuwait on Sunday that profits totalled KWD 1.45 million in Q1-17 compared to KWF 913,520 ($2.98 million) in Q1-16.
The rise in profits is attributed to higher sales and revenues, according to the company’s statement.
Return on equity also increased to KWD 6.94 per share in the three-month period that ended on 31 March 2017, up from KWD 4.37 per share in the same period last year.
