KCPC Q2 profits rise 4%

Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC), listed on Boursa Kuwait, reported a 3.7% year-on-year increase in profits for the second quarter of 2019.

Profits amounted to KWD 1.41 million ($4.65 million) in Q2-19, versus KWD 1.36 million ($4.48 million) during Q2-18, according to a bourse filing released on Tuesday.

In the first half of 2019, the company logged a profit of KWD 2.56 million, up 5.7% from KWD 2.7 million in H1-18.

It is worth noting that KCPC previously posted a 14% decline in profits for Q1-19, recording KWD 1.15 million, versus KWD 1.34 million in Q1-18.

Mubasher Contribution Time: 06-Aug-2019 10:08 (GMT)
Mubasher Last Update Time: 06-Aug-2019 10:08 (GMT)