Kuwait – Mubasher: Refrigeration Industries and Storage Co reported a growth of 51% in profits during the third quarter of 2016 as compared to the same quarter in the previous year.

Earnings increased to KWD 1.65 million ($5.44 million) in Q3-16, from KWD 1.09 million ($3.6 million) in Q3-15, according to a bourse statement issued Thursday.

During the nine-month period, profits increased 44% to KWD 4.65 million as compared with KWD 3.22 million in the same period in 2015.