Kuwait – Mubasher: Qurain Petrochemical Industries reported a growth of 17.7% in profits of the first quarter ended 30 June, 2016 as compared to the same period in 2015.

Earnings increased to KWD 4.98 million ($16.44 million) in Q1-16 versus KWD 4.23 million ($13.96 million) in Q1-15, according to a recent statement.

Profits of Q1 increased as a result of raising the company’s share in a subsidiary, the statement clarified.

Qurain stock ended Monday’s session at 190 fils, after about 106,660 shares were traded at a value of nearly KWD 20,440.