The financial statements of the Kuwait Company for Plant Construction and Contracting showed an increase in the company's profits in the first half of this year by 50% on an annual basis.
According to the company's results for the Kuwaiti Stock Exchange, today, Thursday, profits for the period amounted to 4.046 million dinars ($13.48 million), compared to profits for the first half of 2020 of 2.699 million dinars. ($8.99 million).
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is mainly due to the response to the provision for claims and fines of 3.9 million dinars.
The company's total operating income in the first half of this year amounted to about 15.43 million dinars, compared to 26.77 million dinars in the same period of 2020, a decrease of 42%.
The company achieved a profit of 310.73 thousand dinars in the second quarter of this year, compared to profits for the same period last year, which amounted to 1.74 million dinars, a decrease of 82%.
The company's profits rose 288% in the first quarter of this year; To reach 3.74 million dinars, compared to 961.87 thousand dinars, profits for the same period in 2020.
