(MENAFN) Compared to USD34.85 million for the same period last year, net profit of USD35.08 million reported by Kuwait-based Qurain Petrochemical Industries Company (QPIC) for the first half of 2017-18.
The earnings per share (EPS) for the half year stood at USD33.69 cents compared to USD33.49 cents during the same period last year, the company stated.
Consolidated gross profit increased 15 per cent to reach USD122.76 million from USD106.71 million reported for the same period last year due to the increase in sales during the period, it said.
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