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Mushrif Q2 profits up 178%

Mushrif Q2 profits up 178%
Photo Credit: Arabianeye-Reuters
MTCC
MTCC`R
-2.00% 56.00 -1.00

Kuwait - Mubasher: Mushrif Trading and Contracting Company (MTCC) reported a 177.7% year-on-year net profit increase in the second quarter of 2016 to around KWD 456,300 ($1.5 million) from nearly KWD 164,300 ($534,600) in the same period last year.

Profits declined 18.4% in H1-16 to KWD 401,500, compared to KWD 491,830 in H1-15, according to a bourse filing.