Kuwait-Mubasher: Contracting and Marine Services Company’s profits for the second quarter of the fiscal year 2016 rose by 222.8% to KWD 283,340 ($938,520), versus KWD 87,770 ($7290,720) for Q2-15.

Net profit also rose in the first half of fiscal 2016 by 64% to KWD 551,160 from KWD 335,730 in the same period of 2015, according to a bourse filing.

The company earlier posted a net profit of KWD 267,810 for Q1-16, compared to KWD 247,950 for Q1-15.