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Advanced Technology Q3 profits soar 60.5%

Advanced Technology Q3 profits soar 60.5%
Profits gained 37.9% in nine months (Photo Credit: Arabianeye-Reuters)
ATC
ATC`R
-22.82% 602.00 -178.00

Kuwait – Mubasher: Advanced Technology recorded an increase of 60.5% during the third quarter of 2016 as compared to the same period a year ago.

Earnings grew to KWD 1.29 million ($4.26 million) in Q3-16 from about KWD 803,670 ($2.65 million) in Q3-15, according to a bourse statement issued on Thursday.

Over the first nine months this year, profits gained 37.9% to reach KWD 3.86 million as compared to KWD 2.8 million during the same period of 2015.