Mubasher: Boubyan Petrochemical said that its profits enlarged by 182.4% during the second quarter ended October compared to the same period last year.
Earnings soared to approximately KWD 761,970 ($2.51 million) in Q2 ended on 31 October 2018 from nearly KWD 269,830 ($888,590) in the same period last year, according to a bourse disclosure on Thursday.
During the six months ended on 31 October 2018, Boubyan Petrochemical achieved an increase of 79.5% in profits to KWD 2.16 million compared to KWD 1.20 million in the same period last year.
Total operating revenues grew by 72.5% to KWD 22.57 million in the first six months ended on 31 October 2018 from KWD 13.09 million in the corresponding period last year.
Boubyan’s total assets enlarged by 20.9% to KWD 555.48 million by the end of October 2018, compared to KWD 459.41 million in the same period a year ago.
At the stock level, Boubyan Petrochemical closed Thursday’s session 0.19% lower at KWD 1.029.
