Kuwait – Mubasher: Nafais Holding’s profits hiked 140.8% in the first quarter of 2017.
Net profits reached KWD 4.31 million ($14.1 million) in Q1-17 from KWD 1.79 million ($5.9 million) in Q1-16.
Earnings per share (EPS) increased to 10.44 fils compared to 4.35 fils in the same quarter of the previous year.
The company attributed the growth in its profits to higher revenues, according to a bourse filing on Monday.
Operational profits rose 2.8% to KWD 3.3 million compared to KWD 3.2 million in the year-ago period.
