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FINANCIAL NEWS
Kuwait’s UPAC posts 12.9 percent grow in Q2
04 Aug 2016
(MENAFN) United Projects Co. for Aviation Services (UPAC) posted an increase of 12.9 percent in the second quarter of this year, compared with the same period of 2015.
Furthermore, the firm’s earnings reached USD6.36mn in the cited quarter this year, against USD5.63mn in Q2, 2015.
Additionally, profits increased by 17.5 percent to KWD 3.83mn from KWD 3.26mn in the same half of last year.
On the other hand, the increase in the firm’s profits was attributed to higher revenues from car parking and leases.
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