Mubasher: Metal and Recycling (MRC) achieved profits in the third quarter of 2016, according to a bourse statement.
MRC generated profits of KWD 23,420 ($77,340) in Q3-16, against losses of KWD 461,360 ($1.52 million) in Q3-15.
The company posted profits of KWD 141,810 in the first nine months of 2016, versus losses of KWD 647,070 in the same period of 2015.
Operating revenues grew 56.27% to KWD 2.96 million in Q3-16, compared to KWD 1.9 million in Q3-15.
