Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved an increase of 10.6% in profits during fiscal year ended on 31 March 2018 when compared to the previous year.

Earnings grew to KWD 2.72 million ($9.02 million) in fiscal year ended on 31 March from KWD 2.46 million ($8.16 million) in the previous fiscal year, according to a bourse statement on Tuesday.

The increase in profits is attributed to renewing contracts with Kuwait Oil Company (KOC).

Earnings per share increased to 12.06 fils in fiscal year ended on 31 March 2018 from 10.7 fils in the corresponding period a year ago.