Gulf Cable profits soar to $85.6m in 9 months

09 Nov 2010

(MENAFN) Gulf Cable and Electrical Industries Company made profits amounting to $85.6 million for the first nine months of this year compared to $31.6 million the same period last year, the company’s chairman said.

Bader Nasser Al-Kharafi said in a statement that share’s dividend amounted to 40.7 cents compared to 15cents for the same period last year, an increase by 171 percent.

Al-Kharafi added the company’s board approved the above-mentioned financial data.

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