Mubasher: National Petroleum Services (Napesco) reported a 72.8% rise year-on-year in its profits during the second quarter of 2016, according to a bourse filing.
Profits reached KWD 2.35 million ($7.76 million) in Q2-16, compared to KWD 1.36 million ($4.49 million in Q2-15.
Napesco generated profits of KWD 3.76 million in H1-16, a 8.7% growth from KWD 3.46 million in H1-15.
Higher profits are mainly attributed to an increase in the company’s operations.
