Kuwait – Mubasher: Metal and Recycling Co. turned to profitability in the second quarter of 2016, as it posted net profits of KWD 101,580 (KWD 336,000).
The Kuwaiti listed firm logged losses of KWD 22,060 at the same period of the previous year.
The company attributed turning to profitability to the increasing selling prices and decline of costs.
As for the first half of 2016, the company posted net profits of KWD 118,390 against losses KWD 185,710 for the similar period of the previous year.
