Kuwait – Mubasher: Livestock Transport and Trading announced a positive turn in the company’s financial results of the first nine months of 2015. The company’s nine-month profit reached about KWD 3.58 million ($11.8 million), against losses of around KWD 2.74 million ($9 million) in the same period year ago, according to the company’s financial statements.
The company attributed the rise in profit to the increase in sales and decrease in costs of sales.
The Kuwait listed company previously reported a profit of KWD 2.83 million ($9.34 million) in H1-15, compared to net loss of KWD 1.49 million ($4.92 million) in the same period 2014.
