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Eyas posts higher profits in Q1

Eyas posts higher profits in Q1
Earnings increased to KWD 1.87 million in Q1 (Photo Credit: Arabianeye-Reuters)
EYAS
EYAS
-8.00% 540.00 -48.00

Kuwait – Mubasher: Eyas for Higher and Technical Education recorded a growth of 10.7% in profits during the first quarter ended 30 November, 2016 as compared to the same period in 2015.

Earnings increased to KWD 1.87 million ($6.11 million) in Q1 ended 30 November, 2016 from KWD 1.69 million ($5.52 million) in the same period a year ago, according to a bourse filing issued on Sunday.

During the fiscal year ended 31 August, 2016, Eyas posted a rise of 23.6% in profits to reach KWD 4.76 million when compared to KWD 3.85 million in the fiscal year ended 31 August, 2015.