Kuwait – Mubasher: Shuaiba Industrial’s profits increased 2.2% year-on-year to KWD 387,340 ($1.28 million) in the third quarter of 2016 from KWD 379,060 ($1.25 million).
The company posted a 23.9% rise in its net profits for the nine-month period of 2016 to KWD 1.66 million, compared to KWD 1.34 million in the prior-year period.
The increase in Q3 profits was attributed to higher operating revenues, according to a bourse filing on Wednesday.
