Kuwait – Mubasher: National Petroleum Services (Napesco) posted a 62.7% year-on-year rise in the first quarter of 2017, according to a bourse filing.
Profits reached KWD 2.31 million ($7.57 million) in Q1-17, compared to KWD 1.42 million ($4.65 million) in Q1-16.
The profit rise is mainly attributed to higher sales volume, the company said.
The company achieved profits of KWD 7.71 million in 2016, up 35.6% from KWD 5.69 million in 2015.
