Falorni Tech Glass Melting Technology
Banner
Filtraglass

Gulf Glass Manufacturing: net profit up in 1Q 2004

Kuwaiti glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 166,384 (USD 564,600/EUR 475,400) for the 1Q of 2004, up from KWD 139,551 (USD 473,500/EUR 398,700) in the corr…

Kuwaiti glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 166,384 (USD 564,600/EUR 475,400) for the 1Q of 2004, up from KWD 139,551 (USD 473,500/EUR 398,700) in the corresponding period of 2003. The company“s earnings per share rose to KWD 0.0061 (USD 0.021/EUR 0.017) from KWD 0.00541 (USD 0.018/EUR 0.015). The KSE-listed Gulf Glass Manufacturing reported a net profit of KWD 736,400 (USD 2.5 million/EUR 2.1 million) for 2003, up from KWD 591,600 (USD 2.0 million/EUR 1.7 million) in 2002 and approved the raising of its capital to KWD 3.291 million (USD 11.2 million/EUR 9.4 million) from KWD 2.789 million (USD 9.5 million/EUR 8.0 million) through a bonus issue.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news