Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance reported a decline of 17.1% in profits during the second quarter ended in September 2017 compared to the same period a year ago.
Earnings decreased to nearly KWD 607,900 ($2.02 million) in Q2-17 from around KWD 733,010 ($2.43 million) in Q2-16, according to the company’s recent income statements.
During the first six months ended in September 2017, Burgan Drilling registered a decline of 1.5% in profits to KWD 1.10 million compared to KWD 1.12 million in the same period last year.
Boursa Kuwait announced that trading on Burgan Drilling’s stock was resumed on Wednesday, following the disclosure of the income statements.
