Kuwait-Mubasher: Kuwait Portland Cement reported an increase of 34.1% in the first quarter of 2016 as compared to the same period in 2015, according to an issued statement.

Portland’s earnings reached KWD 3.54 million ($11.7 million) in Q1-16, compared to KWD 2.64 million ($7.9 million) in Q1-15.

The company clarified that the growth in profits resulted from an increase in sales value.

On the stock market’s level, Portland Cement ended Thursday’s session at 380 fils, after 10,000 shares were traded with a value worth around KWD 3,800.