Mubasher TV
Contact Us Advertising   العربية

Burgan Drilling records KWD 940,000 profits in Q2

Burgan Drilling records KWD 940,000 profits in Q2
Burgan Drilling achieved an increase of 69.4% in H1 profits
ABAR
ABAR
0.93% 108.00 1.00

Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) achieved an increase of 54.4% in profits during the second quarter that ended 30 September 2018 compared to the same period in the previous year.

Earnings grew to nearly KWD 940,150 ($3.1 million) in the three-month period September from around KWD 609,050 ($2.01 million) in the corresponding period a year ago, according to a bourse statement on Sunday.

During the six-month period ended September, Burgan Drilling achieved an increase of 69.4% in profits to KWD 1.88 million from KWD 1.11 million in the same half in the prior year.

The increase in the six-month profits is attributed to renewing a number of contracts with Kuwait Oil Company (KOC).