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Unicap posts higher profits in Q1

Unicap posts higher profits in Q1
Photo Credit: Arabianeye-Reuters
UNICAP
UNICAP`R
-2.68% 290.00 -8.00

Kuwait - Mubasher: Unicap Investment and Finance achieved a growth of 58.3% in profits to about KWD 571,300 ($1.87 million) during the first quarter of 2017 from nearly KWD 360,900 ($1.18 million) in the same period of 2016.

The company suffered operating losses of approximately KWD 249,800 in Q1-17, against operating profits of nearly KWD 358,600 in Q1-16, according to a bourse filing issued on Wednesday.