Kuwait – Mubasher: Al Themar International Holding achieved a growth of 12.2% in profits during the fourth quarter ended 31 March 2017, compared to the same period of the prior year.

Earnings increased to KWD 3.49 million ($11.44 million) in Q4 ended 31 March 2017 from KWD 3.11 million ($10.19 million) in Q4 a year ago, according to a bourse filing issued on Tuesday.

During the fiscal year ended 31 March 2017, Al Themar achieved a profit of KWD 3.16 million, against a loss of KWD 17.64 million in the previous fiscal year.

At the stock level, Al Themar on Tuesday went down 6.67% to 70 fils by 11:55 am Kuwait time.