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Gulf Glass posts $4.66m profit in 9m

Gulf Glass posts $4.66m profit in 9m
GGMC
GGMC
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Gulf Glass Manufacturing revealed its interim financial statements for the nine months period ended September 30, 2014. The statements showed KWD1.35 million ($4.66 million) net profit for first nine months of 2014 compared to KWD1.72 million ($5.94 million) for the corresponding period of previous year, with increase by 21.5%.


Meanwhile, the company posted KWD548.5 thousands net profit for third quarter of 2014 compared with KWD568.2 thousands for the similar period of 2013.

Lately, Gulf Glass Manufacturing stated that one of its subsidiaries has purchased J. Alomane & Partner Fiberglass Co. W.L.L for KWD1.5 million.