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Human Soft Q1 profits grow 9.7% on higher revenue

Human Soft Q1 profits grow 9.7% on higher revenue
Operating revenues increased by 12.7%
HUMANSOFT
HUMANSOFT
-0.21% 3,333.00 -7.00

Mubasher: Human Soft Holding achieved an increase of 9.7% in profits during the first quarter of 2018 compared to the same period in the previous year.

Earnings grew to KWD 7.83 million ($26.15 million) in Q1-18 compared to KWD 7.14 million ($23.85 million) in Q1-17, according to a bourse statement on Wednesday.

The incline in Q1 profits is attributed to higher revenues from Human Soft’s growing business.

Operating revenues increased by 12.7% to KWD 17.17 million in Q1-18 from KWD 15.24 million in Q1-17.