Sultan Center Food posts lower profits in 9M

Kuwait-Mubasher: Sultan Center Food reported a decrease of 49.6% to KWD 1.11 million ($3.64 million) in earnings of the first nine months, compared to KWD 2.2 million ($7.21 million) in the same period of 2014.

The company clarified in a bourse filing that the achieved profits resulted from an increase in sales on opening new stores as well as a rise in contract revenues.
 

 

Mubasher Contribution Time: 16-Nov-2015 06:32 (GMT)