Gulf Glass: increase in nine-month net profit

Kuwaiti glassmaker Gulf Glass Manufacturing Co announced on 18 October 2009 that its net profit jumped to KWD 3.16 million (USD 11.1 million/EUR 7.4 million) for the nine months ended 30 September 200…

Kuwaiti glassmaker Gulf Glass Manufacturing Co announced on 18 October 2009 that its net profit jumped to KWD 3.16 million (USD 11.1 million/EUR 7.4 million) for the nine months ended 30 September 2009 from KWD 1.22 million for the same period in 2008. Earnings per share (EPS) were 82.38 fils (there are 1,000 fils to the Kuwaiti dinar) compared to 31.76 fils in 2008. Total assets increased to KWD 15.9 million at end-September 2009 compared to KWD 15.1 million at end-September 2008. The company posted a net profit of KWD 1.17 million for the third quarter of 2009, an increase from KWD 656,793 in the same period of 2008.