OULAFUEL`R
Kuwait – Mubasher: Oula Fuel Marketing Company on Wednesday announced the reopening of a fuel filling station in Qasr, Jahra in Kuwait, on 4 June, after restoration and development, according to a bourse filing.
The financial impact of the re-operation is to increase sales in the coming period, the statement showed.
Total income from fuel sales increased 8.3% to reach KWD 117.2 million in 2016, the CEO of Oula Fuel stated.
The company had previously reported a 26.1% rise in net profits to reach KWD 1.45 million in the first quarter of 2017, compared to KWD 1.15 million in the same period in 2016.