Mubasher: Specialities Group Holding (SPEC) posted a 32.8% year-on-year profit increase during the second quarter of 2019.
Net profits amounted to KWD 507,960 ($1.67 million) in Q2-19, compared to KWD 382,600 ($1.26 million) in Q2-18, according to the company’s statement to Boursa Kuwait on Sunday.
The company attributed the increase in profits to the rise in its operating profits.
For the first half of 2019, SPEC’s profits jumped by 22.5% to KWD 745,400, from KWD 608,350 in H1-18.
It is worth mentioning that SPEC registered an increase of 5.2% in profits during Q1-19, recording KWD 237,440.
