Kuwait - Mubasher: Salbookh Trading achieved a profit of about KWD 178,570 ($585,380) during the first quarter of 2017 against a loss of nearly KWD 44,780 ($146,800) in the same quarter of 2016.
The positive performance resulted from lower operating and administrative costs, according to a bourse statement issued on Monday.
Salbookh’s net operating profit increased by 55.9% to around KWD 441,980 in Q1-17 from approximately KWD 283,510 in Q1-16.
At the stock level, Salbookh closed Monday’s session at 59 fils.
