Mubasher: Arabi Group Holdings achieved a profit of KWD 1.82 million ($5.96 million) during the fourth quarter of 2016 against a loss of nearly KWD 313,600 ($1.03 million) in the same period of 2015.

During fiscal year 2016, profits increased by 25% to total about KWD 345,020 as compared to nearly KWD 276,020 in FY15.

The company clarified that the increase in FY16 earnings resulted from higher operating profits.