Mubasher: Mabanee Co achieved an increase of 19.1% in profits during the third quarter of 2018 compared to the same quarter last year.

Earnings grew to KWD 14.46 million ($47.8 million) in Q3-18 compared to KWD 12.14 million ($40.1 million) in Q3-17, according to a bourse statement on Monday.

During the first nine months in 2018, Mabanee reported a growth of 6.8% in profits to KWD 39.23 million compared to KWD 36.75 million in the same period a year ago.

At the stock level, Mabanee closed Monday’s session 0.33% lower at 608 fils.