Mubasher: Human Soft Holding achieved an increase of 14.8% in profits during the third quarter of 2019 when compared to the same period a year earlier.
Earnings totalled KWD 9.02 million ($29.76 million) in Q3-19, compared to KWD 7.86 million ($25.93 million) in Q3-18, according to a bourse disclosure on Tuesday.
During the first nine months of 2019, Human Soft recorded a growth of 17.3% in profits to KWD 26.1 million from KWD 22.25 million in the corresponding period in 2018.
The increase in profits is attributed to higher income from business growth and improvement in cost efficiency.
It is worth noting that over the first half of 2019, the company posted an increase of 18.6% in profits to KWD 17.08 million from KWD 14.4 million in the same period a year earlier.
