Kuwait - Mubasher: United Projects for Aviation Services Company (UPAC) posted an increase in profits during the fourth quarter of 2016 by 17.9% year-on-year, according to the company’s statement to Boursa Kuwait on Sunday.
Profits reached KWD 2.24 million ($7.31 million) during Q4-16 compared to KWD 1.9 million ($6.2 million) in Q4-15, as shown by the company’s financial statements.
As for the annual results, the company reported profits of KWD 8.4 million in 2016, compared to KWD 6.75 million in the year before.
Last year, revenues went up 3.6% and totalled KWD 13.2 million compared to KWD 12.7 million in 2015.
