Mubasher: KGL Logistics achieved an increase of 6.2% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year.

Earnings grew to KWD 2.07 million ($6.88 million) in Q1-18 from KWD 1.95 million ($6.48 million) in Q1-17, according to a bourse statement on Monday.

The increase in Q1 profits is attributed to a noticeable development in the industrial business.