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Kuwait's Abar unit awarded KWD 67.7 mln tender

Kuwait's Abar unit awarded KWD 67.7 mln tender
ABAR
ABAR`R
23.08% 176.00 33.00
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 5%.

Abar financial statements for the fiscal year ended March 31, 2014 reflected KWD 2.14 million, compared to KWD 2 million a year earlier up by 7%.