Kuwait – Mubasher: Nafais Holding achieved profits during the third quarter this year against losses posted in the same period a year ago.
Earnings amounted to KWD 1.88 million ($6.19 million) in Q3-16 versus losses of KWD 1.07 million ($3.52 million) in Q3-15, according to a bourse statement issued Sunday.
During the nine-month period this year, profits reached KWD 5.98 million, 25.4% higher from KWD 4.77 million.
The growth in profits resulted from higher revenue as well as an increase in the company’s share in profits from associate, the company clarified.
