Mubasher: The Kuwait Styrene Company achieved a growth rate of 10.31% in profits during fiscal year 2016, as compared to a year ago, according to a recent statement.
Net profit totaled $107 million in FY16, compared to $97 million in FY15.
One of the company’s key achievements during 2016 was refinancing debts through banking facilities from a local bank of $280 million, the CEO of Kuwait Styrene Co, Adel Al-Maneify, said.
