Mubasher: Mabanee Co. has reported a 0.35% year-on-year profit increase during the third quarter of the fiscal year 2019.

The company’s profit went up to KWD 14.51 million ($47.9 million) in Q3-19, compared to KWD 14.46 million ($47.7 million) in the year-ago period, according to a bourse statement released on Thursday.

In the first nine months of 2019, Mabanee’s profit rose to KWD 42.31 million, from KWD 39.23 million in the comparative period in 2018.