Mubasher: Kuwait-based, National Cleaning Company on Wednesday said that its profits surged 78% year-on-year in the third quarter of 2017.
Profits amounted to KWD 441,270 ($1.46 million) in Q3-17, compared to KWD 247,870 ($820,520) in Q3-16, according to a statement to Boursa Kuwait.
At the level of the first nine months of 2017, the firm’s profits levelled up 61.7% reaching KWD 923,490, compared to KWD 571,300 in the corresponding period in the year earlier.
The company attributed the increase in its year-on-year profits to ending some of the low-profit projects, and operating projects which generate high profitability.
