Kuwaiti listed Automated Systems Co. expects revenues of KWD 17.6 million from its new contract with Kuwait Airways Corporation (KAC).

The revenues figures will be reflected in the company's financial statements as of the third quarter of 2015, the company said in a bourse statement.

Earlier, Automated Systems concluded a KWD 16.12 million ($53.5 million) contract with KAC to provide it with infrastructure services for its Information technology department.

The earning expected from this deal will represent around 7.41% from its total value , while 69% from its total cost is denominated in dollars , noted the company.

Automated Systems reported KWD 1.49 million ($5.01 million) net profits for 2014, compared with KWD 1.48 million ($4.97 million) for the previous year.