Mubasher: Advanced Technology (ATC) has signed a contract with Impresa Pizzarotti and the public works ministry at a total value of KWD 41.92 million.

The contract has a duration period of four years, according to a bourse statement issued on Sunday.

ATC clarified that no financial impact will be realised in the income statements of fiscal year 2017.

The Boursa Kuwait-listed company said that it is expected for this contract to generate good financials during the four-year period.

It is noteworthy that ATC reported a rise of 19.5% in profits to KWD 3.07 million in the first half of 2017 compared to KWD 2.57 million in the same period a year ago.