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UPAC posts higher profits in Q1

UPAC posts higher profits in Q1
Photo Credit: Arabianeye-Reuters
UPAC
UPAC
-1.55% 127.00 -2.00

Kuwait-Mubasher: United Projects Company for Aviation Services (UPAC) achieved a 22.2% growth in earnings of the first quarter as compared to the same period in 2015, according to a recent statement.

UPAC’s profits increased to KWD 1.91 million ($6.33 million) in Q1-16, from KWD 1.56 million ($5.18 million) in Q1-15.

Operating profits grew 7.21% to KWD 3.24 million ($10.77 million) in Q1-16, from KWD 3.02 million ($10.04 million) in Q1-15.