Al Maidan Dental Clinic reported net profits of KWD 3.07 million for the fiscal year ended March 2015, compared with KWD 1.27 million for the previous year, a surge of 141.7%.
The company attributed its profits increase to 16% growth in operating revenues added to a 39% reduction in finance costs as the company recently settled part of its financial obligations.
The Kuwait-listed firm saw net profits of KWD 268,270 for the fourth quarter of the fiscal year ended March 2015, against KWD 199,260 for the same period of the previous year.
The firm is capitalised at KWD 25 million, distributed across 250 million shares at 100 Kuwaiti fils par value each.
