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Gulf Glass Manufacturing KSCC: quarterly profits down

Gulf Glass Manufacturing has reported a decrease of 4.3% in profit in the first quarter of 2016 as compared to the same period in 2015, according to a statement issued Wednesday 11 May.

The earnings decreased to about KWD 602,300 ($2 million) in Q1-16, from nearly KWD 629,300 ($2.09 million) in Q1-15.
Gulf Glass stock closed at 410 fils, after falling 3.53% on Wednesday, as liquidity reached around KWD 5,330 when nearly 12,660 shares were exchanged.

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