Mubasher: The net profit of Boubyan Petrochemical Co. surged by 42% year-on-year (YoY) over the nine-month period ended on 31 January 2020 to stand at KWD 4.48 million ($14.7 million) from KWD 3.15 million ($10.34 million).
Earnings per share (EPS) amounted to 8.73 fils in the nine-month period, up from 6.07 fils in the corresponding period ended on 31 January 2019, according to a stock exchange filing on Monday.
Over the third quarter (Q3) of fiscal year 2019/2020, the profits totalled KWD 1.16 million, 17% higher than KWD 993,938 in the same quarter a year earlier.
The petrochemical firm attributed the period’s growing profits largely to net gains worth KWD 1.138 million recorded from investments in securities.
