Burgan Company for Well Drilling, Trading and Maintenance (ABAR) News - Mubasher Info
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23 August 08:50 AM

Burgan Company for Well Drilling, Trading and Maintenance (ABAR`R)

Last update: 11:38 AM market time.
210.00
67.00
46.85%
Open 209.00
Previous Close 143.00
High 213.00
Low 208.00
Stock Statistics
Volume 1,676,619
Turnover 352,823.06
All data are 15 minutes late during market session

News

The decision was made after the company had paid the annual subscription fees
8 April 2020 06:34 AM Boursa Kuwait resumes trading on Burgan Drilling
Mubasher: Boursa Kuwait has resumed trading on the stock of Burgan Company for Well Drilling, Trading, and Maintenance as at Wednesday, 8 April. The decision came after the company had paid the annual subscription fees for 2020, according to an …
Stock Evaluations
Profits soared by 30% annually in Q3-19/20
11 February 2020 00:02 PM Burgan Drilling’s profits plunge 56% in 9M-19/20
Mubasher: The net profit of Burgan Company for Well Drilling, Trading, and Maintenance retreated by 55.9% on an annual basis over the first nine months ended 31 December 2019. Earnings stood at KWD 937,313 (approx. $3.09 million) at the end of …
Financial Results
Profit dropped 66.9% YoY in H1
15 November 2019 06:11 PM Burgan Drilling’s profit decreases 84.6% YoY in Q2-19/20
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance has reported a 84.6% year-on-year profit decline during the second quarter of the fiscal year 2019/2020. The company’s profit declined to KWD 149,870 in the three-month period …
Financial Results
Burgan Drilling affirms that the news is untrue
9 October 2019 09:06 AM Burgan Drilling denies news on selling $30 assets in UAE
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance denied the news reported in Al Jarida Newspaper on Tuesday, 8 October, under the headline (Listed company sells $30 million assets in Dubai). The news did not include a …
Companies Investments
Annual profits decreased to KWD 2.26 million ($7.47 million) this year
30 June 2019 08:56 AM Burgan Drilling logs KWD 2m profits in full-year financials
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance posted a decline of 16.9% in profits during the fiscal year ended 31 March 2019 compared to the same period a year ago. Annual profits decreased to KWD 2.26 million ($7.47 …
Financial Results
Burgan Drilling recorded a growth of 22.5% in profits in 9 months
14 February 2019 02:30 PM Burgan Drilling Q3 profits decline 61%
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved an increase of 61.3% in profits during the third quarter ended on 31 December 2018 compared to the same period a year ago. Earnings shrank to about KWD 242,520 ($795,990) …
Financial Results
Burgan Drilling achieved an increase of 69.4% in H1 profits
18 November 2018 01:19 PM Burgan Drilling records KWD 940,000 profits in Q2
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) achieved an increase of 54.4% in profits during the second quarter that ended 30 September 2018 compared to the same period in the previous year. Earnings grew …
Financial Results
The increase in profits is attributed to renewing contracts with KOC
12 June 2018 08:39 AM Burgan Drilling records 11% incline in annual profits
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved an increase of 10.6% in profits during fiscal year ended on 31 March 2018 when compared to the previous year. Earnings grew to KWD 2.72 million ($9.02 million) in fiscal …
Financial Results
Earnings increased to KWD 640,000 ($2.14 million) in Q3
19 February 2018 06:22 AM Burgan Drilling Q3 profits increase 5%
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance reported a growth of 5% in profits during the third quarter ended 31 December 2017 compared to the same period in the previous fiscal year. Earnings increased to KWD 640,000 …
Trading Activities
Burgan Drilling registered a decline of 1.5% in profits in 6 months
6 December 2017 10:16 AM Burgan Drilling Q2 profits shrink 17%
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance reported a decline of 17.1% in profits during the second quarter ended in September 2017 compared to the same period a year ago. Earnings decreased to nearly KWD 607,900 ($2.02 …
Financial Results
The chairman of Burgan Drilling, Ahmed Al Hamad
12 September 2017 02:24 PM Burgan Drilling mulls bidding in KOC tender
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance is currently working on renewing its drilling rigs and completing the essential spare parts to bid in the Kuwait Oil Company’s (KOC) tender, the chairman of Burgan Drilling, …
Companies Investments
the board recommended distributing 5% bonus shares
23 August 2017 01:25 PM ABAR mulls distributing bonus shares
Mubasher: The ordinary general meeting (OGM) of Burgan Company for Well Drilling, Trading and Maintenance (ABAR) will discuss on 11 September the board’s recommendation to distribute 5% bonus shares for the fiscal year ending 31 March 2017. ABAR’s …
General Assembly
Earnings increased to nearly KWD 500,950 in Q1
20 August 2017 06:57 AM Burgan Drilling Q1 profits rise 27.5%
Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance (Burgan Drilling) reported a growth of 27.5% in profits during the first quarter ended 30 June 2017 compared to the same period a year ago. Earnings increased to nearly KWD …
Financial Results
Photo Credit: Arabianeye-Reuters
20 April 2017 02:03 PM Boursa Kuwait sees $1.2bn M&A deals in Q1
By: Eman Ghaly Mubasher: The first quarter of 2017 saw 13 merger and acquisition (M&A) deals executed at Boursa Kuwait, with a total value of KWD 366.23 million ($1.2 billion). These M&A deals included Adeptio AD Investments SPC’s compulsory …
Mergers and Acquisitions
Net profit increased to nearly KWD 600,700 (Photo Credit: Arabianeye-Reuters)
15 February 2017 09:37 AM Burgan Drilling posts higher profits in Q3
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) reported a surge of 302.7% in profits during the third quarter ended 31 December, 2016 as compared to the same period a year ago. Net profit increased to nearly …
Financial Results
Earnings decreased by 36.84% to KWD 1.13 million in 6M (Photo Credit: Arabianeye-Reuters)
15 February 2017 07:42 AM Burgan Drilling Q2 profits fall 49.42%
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) posted a drop of 49.42% during the second quarter ended 30 September, 2016 as compared to the same period a year ago. Burgan Drilling’s net profit plunged to …
Financial Results
Earnings shrank to nearly KWD 733,050 (Photo Credit: Arabianeye-Reuters)
16 November 2016 06:04 AM ABAR posts lower profits in Q2
Kuwait – Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (ABAR) reported a decline of 49.5% in profits during the second quarter ended 30 September, 2016 as compared to the same period a year ago. Earnings shrank to nearly KWD …
Financial Results
ABAR's EGM approved raising capital to KWD 22 million - (Photo Credit: Arabianeye-Reuters)
4 September 2016 05:28 PM ABAR approves 5% bonus shares
Kuwait - Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (ABAR) approved the decision to distribute bonus shares at 5% of capital, for the fiscal year that ended 31 March 2016. The company’s ordinary general meeting (OGM) also …
Corporate Actions
Photo Credit: Arabianeye-Reuters
21 August 2016 05:25 AM Burgan, EK Holding to discuss H1 financials Sunday
Kuwait - Mubasher: Burgan Company for Well Drilling, Trading and Maintenance announced that it will hold its annual ordinary and extraordinary general meetings on Sunday to discuss the financial results for the first half of 2016. The company will …
Event
Burgan Well Drilling’s stock reached 93 fils (Photo Credit: Arabianeye-Reuters)
11 August 2016 08:40 AM Burgan Well Drilling posts higher profits in Q1
Kuwait – Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved a rise of 17.8% in profits during the first quarter ended 30 June, 2016 as compared to the same period last year. Earnings grew to around KWD 392,860 ($1.3 …
Financial Results
The board recommended 5% annual bonus shares (Photo Credit: Company's Website)
16 June 2016 09:54 AM ABAR posts lower annual profits
Kuwait-Mubasher: Burgan for Well Drilling –Abar posted a 94.3% decline in its annual profits, according to a bourse statement. Annual profits reached KWD 2.37 million ($7.85 million) during the fiscal year ended 31 March 2016, compared to KWD 1.22 …
Financial Results
Photo Credit: Arabianeye-Reuters
15 February 2016 07:46 AM Burgan for Well Drilling’s Q3 profits fall 79%
Kuwait-Mubasher: Burgan for Well Drilling registered profits worth around KWD 166,500 ($554,820) in the third quarter of 2015, compared to KWD 801,360 ($2.67 million) in the same quarter of 2014, a decrease of 79.2%. During the first nine months …
Financial Results
4 December 2014 08:27 AM Kuwait's Abar suffers $1m loss in six months
Burgan for Well Drilling -Abar announced its interim financial statements for the six months period ended September 30, 2014.The statements reflected that the company suffered KWD579.4 thousands ($1.98 million) loss at this period …
Company News
19 August 2014 07:45 AM Kuwait's Abar unit awarded KWD 67.7 mln tender
Burgan for Well Drilling - Abar announced that a subsidiary company has awarded KWD 67.7 million tender for five years from Kuwait Oil Corporation Co.The company said the new deal is likely to generate profit margin of around 4% to …
Company News
2 September 2012 07:07 AM ABAR makes KWD 359 THD profit in Q1
Kuwait Stock Exchange (KSE) announced that the board of Burgan Co. for Well Drilling, Trading & Maintenance (ABAR) held a meeting on Saturday, 1/9/2012. Board members endorsed financial statements for Q1-12 that ended on 30/06/2012, which reflected a