National Cleaning’s Q1 profit grows 31%

Mubasher: National Cleaning reported a 31.1% year-on-year jump in its profits for the first quarter of 2019.

Net profits stood at KWD 432,590 ($1.43 million) in Q1-19, compared to KWD 329,960 ($1.09 million) in Q1-18, according to a filing to Boursa Kuwait on Thursday.

The increase in Q1-19 profits was attributed to the drop in operating expenses.

In 2018, National Cleaning achieved a net profit worth KWD 1.46 million.  

 

Mubasher Contribution Time: 16-May-2019 11:51 (GMT)
Mubasher Last Update Time: 16-May-2019 12:19 (GMT)