Mubasher: The National Industries Group Holding achieved a surge of 153.7% in profits during the second quarter of 2019, compared to the corresponding period last year.

The profits of the dual-listed company stood at KWD 16.213 million ($53.4 million) in Q2-19, compared to KWD 6.392 million ($21.1 million) in Q2-18, according to a bourse disclosure on Wednesday.

During the first half of 2019, National Industries achieved a 73.5% year-on-year increase in profits to KWD 43.205 million from KWD 24.908 million in the same six months a year ago.

Noteworthy, during the first quarter of 2019, the company reported KWD 26.992 million worth of profits, 45.7% higher than KWD 18.516 million in Q1-18.

National Industries is listed on both the Dubai Financial Market (DFM) and Boursa Kuwait.