Mubasher: Privatization Holding Company achieved a jump of 196.4% in profits to KWD 2.29 million ($7.6 million) in the second quarter this year compared to about KWD 772,550 ($2.56 million) in the same period a year ago.

During the first half of 2017, the company achieved a profit of KWD 2.67 million against a loss of nearly KWD 707,450 in H1-16, according to a bourse statement issued on Thursday.

In the first quarter of 2017, the company recorded a profit of about KWD 375,890 versus a loss of KWD 1.48 million in Q1-16.

At the stock level, Privatization Holding closed Thursday’s session at 51 fils.