Kuwait – Mubasher: Kuwait and Gulf Link Transport (KGL) achieved a surge of 47.9% in profits to about KWD 731,310 ($2.39 million) during the first quarter of 2017 from nearly KWD 494,410 ($1.61 million) in the same period of 2016.
The company clarified that the increase in Q1 profits resulted from the development of KGL’s industrial activity, according to a bourse statement issued on Sunday.
At the stock level, KGL closed Sunday’s session 1.72% higher at 59 fils.
