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Arabi Group Q1 profits surge 362%

Arabi Group Q1 profits surge 362%
Earnings enlarged to nearly KWD 10,440 ($34,650) in Q1-18
AGHC
AGHC`R
-2.53% 385.00 -10.00

Mubasher: Arabi Group Holdings achieved a leap of 362% in profits during the first quarter of 2018, compared to the same period in the previous year.

Earnings enlarged to nearly KWD 10,440 ($34,650) in Q1-18 from around KWD 2,260 ($7,500) in Q1-17, according to a bourse statement on Sunday.

The incline in Q1 profits is attributed to higher revenue from sale in addition to income from company’s business.