Mubasher: Jassim Transport & Stevedoring Co. (JTC) achieved a growth of 25% in net profits to KWD 7.8 million in 2017 when compared to KWD 6.3 million in the previous year, according to a recent statement.

The shareholders of JTC approved the distribution of KWD 6.6 million as cash dividends for 2017.

JTC has announced its plans to start the initial public offering (IPO) process for the company.

“Our bottom line growth was driven by a 14% rise in revenue, as well as continued improvement in operational efficiency, which saw the net margin increase to 32.5% from 29.6% a year ago. Our outlook for 2018 is positive. We forecast healthy growth in both top line and the bottom line earnings,” the CEO of JTC, Adel Kohari, said.