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Mubarrad Transport Q1 profits jump 235.8%

Mubarrad Transport Q1 profits jump 235.8%
Photo Credit: Arabianeye-Reuters
MUBARRAD
MUBARRAD
3.29% 87.90 2.80

Mubarrad Transport reported a surge of 235.8% in its earnings of the first quarter of 2015, posting KWD 2.59 million ($8.6 million) compared to about KWD 771,340 ($2.55 million) in Q1-14.

Mubarrad’s earning per share jumped to 15.80 fils in Q1-15 from 4.71 fils in Q1-14.

The company posted a net profit worth KWD 1.78 million in 2014, compared to about KWD 638,900 in 2013.