Mubasher: Gulf Cable and Electrical Industries has received a purchasing order from HSS Joint Venture to supply cables for a total value of KWD 2.79 million.

The company expects an operating profit accounting for 2% of the contract’s value; however, this value can be modified during the supply period based on the market conditions, according to a recent bourse filing.

Gulf Cable noted that the financial impact will reflect on the income statements for the second, third, and fourth quarters of fiscal year 2018.