Kuwait – Mubasher: Privatization Holding recorded profits worth KWD 1.77 million ($5.81 million) during the third quarter of 2016 as compared to around KWD 710,100 ($2.33 million) in the same period a year ago; a year-on-year surge of 149%.
The reason behind higher profits in Q3-16 is achieving net revenue from services as well as a share in an associate, the company said in a bourse statement issued on Tuesday.
During the nine-month period this year, profits reached KWD 1.06 million, 38% lower from KWD 1.71 million in the corresponding period a year ago.
On the stock level, Privatization Holding gained 1.18% to 43 fils on Tuesday, after about 626,700 shares were traded at a value of nearly KWD 26,400.
