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Osos Holding Q1 profits surge 63%

Osos Holding Q1 profits surge 63%
Gross operating profits increased by around KWD 74,870
OSOS
OSOS
-3.87% 92.00 -3.70

Mubasher: Osos Holding Group Co achieved an increase of 63% in profits during the first quarter of 2018 compared to the same period a year ago.

Earnings grew to nearly KWD 566,840 ($1.88 million) in Q1-18 from approximately KWD 346,800 ($1.15 million) in Q1-17, according to a bourse statement on Thursday.

Gross operating profits increased by around KWD 74,870 in Q1-18.

At the stock level, Osos closed Thursday’s session 0.12% lower at 80 fils.