Kuwait-Mubasher: Shuaiba Industrial reported an increase of 26.2% in net profits for the second quarter of 2016.
The firm saw net profits of KWD 645,870 ($2.13 million) for the second quarter of 2016, up from KWD 511,810 ($1.69 million) for the same period of the previous year.
As for the first half of 2016, the company saw net profits of KWD 1.28 million up 33.8% from KWD 956,730 for the comparable period of the previous year.
The company’s earnings per share stood at 16.065 Kuwaiti fils per share in H1-2016, compared with 12.051 Kuwaiti fils per share for the same period a year earlier.
