Kuwait – Mubasher: Oula Fuel Marketing earned KWD 633,190 ($2.09 million) during the third quarter of 2016, higher 22.5% year-over-year from KWD 817,080 ($2.7 million), a bourse filing revealed on Thursday.
Net profits for the first nine months grew 10.3% year-on-year to KWD 2.99 million from KWD 2.71 million.
The company attributed 9M profits to higher income from car washing and other revenues, the bourse filing indicated.
During the first six months, the company registered KWD 2.36 million, compared with KWD 1.9 million for the first six months of 2016.
The stock quote rose 1.8% to 114 fils after 20,220 shares at KWD 2,300 on Thursday.
