Kuwait – Mubasher: Qurain Petrochemical Industries achieved a growth of 28.5% in profits during the third quarter ended 31 December, 2016 as compared to the same period a year ago.

Earnings increased to KWD 6.09 million ($19.91 million) in Q3-16 from KWD 4.74 million ($15.5 million) in Q3-15, according to a bourse filing issued on Sunday.

During the nine-month period ended 31 December, 2016, profits rose by 46.1% to total KWD 16.58 million from KWD 11.35 million in the corresponding period in 2015.

On the stock level, Qurain ended Sunday’s trading session higher with 5.6% to reach 285 fils, after 1.63 million shares were exchanged at a value of nearly KWD 459,700.