Mubasher: Gulf Cable and Electrical Industries has received a purchase order valued at KWD 1.74 million ($5.7 million) from a local contracting company.
This purchase order contract covers supplying low and medium pressure cables.
Gulf Cable expects realising operating income estimated at 3% of the contract's value or KWD 52,200.
The financial impact of this purchase order will be registered in Gulf Cable’s income statements for the second half of 2019 and the first quarter of 2020, the company said in a bourse disclosure on Tuesday.
