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Soor posts 27.2% rise in Q2 profits on higher revenues

Soor posts 27.2% rise in Q2 profits on higher revenues
A previous OGM of Soor (Photo Credit: Mubasher)
SOOR
SOOR`R
-18.37% 271.00 -61.00

Kuwait – Mubasher: Soor Fuel Marketing posted profits worth KWD 1.25 million ($4.11 million) in the second quarter this year, 27.2% higher from nearly KWD 982,950 ($3.23 million) in Q2-15.

During the first six months of 2016, Soor reported 0.41% rise in earnings to KWD 2.45 million from KWD 2.44 million in H1-15, according to a bourse statement.

The growth in profits was due to an increase in other revenues.

Soor’s stock ended Tuesday’s session falling by 1.82% to 108 fils, as around 7,360 shares were traded at a value of KWD 800.