Kuwait - Mubasher: Al Eid Food Company reported an increase in profits by 3.1% year-on-year in the third quarter of 2016, according to a bourse filing.

Profits reached nearly KWD 304,641 ($1 million) in Q3-16 compared to profits of around KWD 295,500 ($975,000) in Q3-15, the company said in a statement to the Kuwait Stock Exchange (KSE) on Tuesday.

The company’s profits grew by 2.5% in the first nine months of the year, totalling KWD 940,247 compared to KWD 917,289 in the same period last year.