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Advanced Technology’s Q1 profits rise 34%

Advanced Technology’s Q1 profits rise 34%
Operating profits rose by 30.3% (Photo Credit: Arabianeye-Reuters)
ATC
ATC`R
-23.21% 599.00 -181.00

Kuwait-Mubasher: Advanced Technology reported 34% growth in profits of the first quarter as compared to the same period in 2015, the company said in a statement.

Earnings increased to KWD 1.54 million ($5.13 million) in Q1-16, from KWD 1.15 million ($3.83 million) in Q1-15.

Operating profits rose by 30.3% to KWD 23.46 million ($77.88 million), boosting the quarterly profits to grow, the statement added.