Mubasher: Advanced Technology Company (ATC) reported a growth of 16.5% in profits during the second quarter of 2017 compared to the same period a year ago.

Earnings rose to KWD 1.2 million ($3.97 million) in Q2-17 from KWD 1.03 million ($3.41 million) in Q2-16, according to a bourse statement issued on Wednesday.

During the first six months of 2017, ATC posted an increase of 19.5% in profits to KWD 3.07 million from KWD 2.57 million in H1-16.

In the first quarter of 2017, the company’s profits grew by 21.4% to KWD 1.87 million compared to KWD 1.54 million in Q1-16.