Kuwait-Mubasher: Shuaiba Industrial achieved a growth of 41.5% in profits of Q1-16, according to a bourse statement.
The KSE-listed firm’s earnings reached around KWD 629,560 ($2.07 million) in Q1-16, compared to around KWD 444,920 ($1.46 million) in Q1-15.
Shuaiba’s earnings per share increased 40.5% to 7.93 fils in Q1-16 from 5.65 fils in Q1-15.
Gross revenues declined to KWD 4.034 million ($13.36 million) in Q1-16, compared to KWD 4.051 million ($13.42 million) in Q1-15.
