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Acico profits climb 15.6% in H1

Acico profits climb 15.6% in H1
Photo Credit: Arabianeye-Reuters
ACICO
ACICO
-3.99% 79.50 -3.30

Kuwait – Mubasher: Acico Industries generated net profits of KWD 5.85 million in the first half of 2015, compared with KWD 5.06 million for the same period of 2014, a rise of 15.6%.

The company posted net profits of KWD 1.9 million for the second quarter of 2015, up 2.9% from KWD 1.85 million at the corresponding period of the preceding year.

The aerated concrete manufacturer attributed profit growth to its increased sales across the industrial sector.

Acico is capitalised at KWD 26.12 million, distributed across 261.2 million shares at 100 Kuwaiti fils par value each.