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Qurain Petrochemical profits in Q3 shrink 10.2%

Qurain Petrochemical profits in Q3 shrink 10.2%
Earnings decreased to KWD 5.47 million ($18.3 million) in Q3-17
ALQURAIN
ALQURAIN
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Mubasher: Qurain Petrochemical Industries reported a decline of 10.2% in profits during the third quarter ended on 31 December 2017 compared to the same period ended on 31 December 2016.

Earnings decreased to KWD 5.47 million ($18.3 million) in Q3-17 compared to KWD 6.09 million ($20.4 million) in Q3-16, according to a bourse statement.

During the nine months ended on 31 December 2017, Qurain Petrochemical reported a retreat of 3.3% in profits to KWD 16.03 million from KWD 16.58 million in the same period a year ago.

At the stock level, Qurain Petrochemical closed Sunday’s session 0.58% higher at 344 fils.