Kuwait-Mubasher: Profits of Kuwait Cement rose 16% to reach KWD 16.3 million in the nine months of 2015, compared to KWD 14 million in the same period of 2014.

The company posted earnings worth KWD 2.5 million in the third quarter, 5% higher than KWD 2.43 million in the same quarter of 2014.

In nine months, sales of Kuwait Cement stood at KWD 69.53 million, compared to KWD 59.53 million in 9M-14; a growth of 16%.

Total profit of KWD 3.4 million as well as a net profit worth around KWD 975,000 from investments enhanced the earnings of the 9M to increase.