Kuwait – Mubasher: United Foodstuff Industries Group’s losses for the third quarter of fiscal 2016 deepened by 72.1% to KWD 34,560 ($113,720), compared to KWD 20,080 ($66,070) for Q3-15.
Net profit for the first nine months of 2016, however, grew by 25.2% to KWD 481,980 from KWD 385,000 for the same period of 2015, according to a bourse filing.
The company earlier reported a net profit of KWD 516,530 for the first half of 2016, 27.5% up from KWD 405,080 for H1-15.
