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Kout Food H1 profits rise to KWD 2.6m

Kout Food H1 profits rise to KWD 2.6m
Photo Credit: Arabianeye-Reuters
Kout Food Group
KOUTFOOD
-8.00% 550.00 -50.00

Kuwait-Mubasher: Kout Food Group reported profits of KWD 2.62 million ($8.64 million) in the first half of 2015, up 6.07% from KWD 2.47 million ($8.14 million) in H1-14.

The profit rise is mainly attributed to better operating results, according to a bourse filing.

The Kuwaiti shareholding company previously reported a 33.7% growth in profits to KWD 1.39 million ($4.6 million) in Q1-15, compared to figures from a year earlier.