Mubasher: Mabanee Company achieved a profit of KWD 12.06 million ($39.57 million) during the first quarter of 2017, 0.4% higher than KWD 12.01 million ($39.41 million) for the same period in 2016.
According to a bourse statement issued on Thursday, Mabanee said that the growth in Q1 profits is attributed to higher income from activities, as well as lower financing costs.
At the stock level, Mabanee closed Thursday’s session 1.2% lower at 820 fils.
