Mubasher: Kuwait Portland Cement achieved a rise of 7.1% in profits during the first quarter of 2018 compared to the same quarter in the previous year.

Earnings inclined to KWD 3.87 million ($12.83 million) in Q1-18 from KWD 3.61 million ($11.97 million) in Q1-17, according to a bourse statement on Wednesday.

The growth in Q1 profits is attributed to differences in investment prices in addition to a growth of 0.65% in sales value.

Operating revenues stood at KWD 35.98 million in Q1-18, 65.2% higher from KWD 21.78 million in Q1-17.