Unicap records higher profits in Q3 on reversing provisions

Mubasher: Unicap Investment and Finance achieved a surge of 69.8% in profits during the third quarter of 2018 compared to the same period a year ago.

Earnings grew to KWD 421,000 ($1.39 million) in Q3-18 from KWD 248,000 ($816,790) in Q3-17, according to a bourse statement on Tuesday.

During the nine-month period, Unicap reported an increase of 169% to KWD 3.47 million from KWD 1.29 million in the same period a year ago.

Mubasher Contribution Time: 13-Nov-2018 14:54 (GMT)
Mubasher Last Update Time: 13-Nov-2018 14:54 (GMT)