Kuwait-Mubasher: Mabanee Co achieved KWD 12.01 million ($39.89 million) profits in the first quarter of 2016, up 0.6% from KWD 11.94 million ($39.75 million) in the same period of 2015, according to a statement.
Low finance costs helped in raising Q1 profits, the company clarified.
On the stock market’s level, Mabanee ended Monday’s session at 840 fils, falling 1.18% after about 914,020 shares were exchanged with a value of around KWD 760,400.
