Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported an increase in profits during the third quarter (Q3) of the year by 11.88%, as shown by the company’s financial statements.

In the three-month period, profits registered KWD 2.61 million ($8.62 million), compared with KWD 2.33 million ($7.69 million) in Q3-18.

As for the nine-month period ended 30 September, profits rose by 13.31% to KWD 8.05 million, compared with KWD 7.11 million in the same period last year.