Mubasher: Acico Industries has turned to profitability during the third quarter of the fiscal year 2019.

The company recorded a net profit of KWD 358,810 ($1.18 million) in Q3-19, according to a bourse statement released on Wednesday.

In the first nine months of 2019, Acico’s profit grew by 9.2% year-on-year to KWD 930,090.

It is worth noting that the Boursa Kuwait-listed company’s profit dropped 80.7% YoY to KWD 571,270 in the first half of 2019.