(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Nov 14 (KUNA) -- Advanced Technology Company (ATC) reported KD 5.3 million (USD 17.3 million) net profits at the end of the 2017 third quarter, with 35.78 fils earnings per share.
The company witnessed 39.01 percent growth in its overall financing portfolio, compared to KD 3.8 million (USD 12.4 million) including 25.78 fils at this time last year, it said in a statement.
The total net income from transactions with related parties amounted to about KD 216.3 thousand (USD 707.3 thousand), while the total expenses from transactions with the related parties reached KD 192.1 thousand (USD 628.1 thousand).
ATC started operations in 1981 as a medical equipment supplier to the Kuwait healthcare sector. The company has over 45% market share of the Kuwait medical equipment sector ranging from sophisticated equipment to hospital sundries. (pickup previous) aam.ss
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