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Gulf Glass Manufacturing: nine-month net profit up USD 0.5 million

Kuwaiti glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 740,440 (USD 2.5 million/EUR 2.0 million) for the first nine months of 2004, up from KWD 572,231 (USD 1.9 milli…

Kuwaiti glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 740,440 (USD 2.5 million/EUR 2.0 million) for the first nine months of 2004, up from KWD 572,231 (USD 1.9 million/EUR 1.5 million ) for the same period of 2003. The company“s earnings per share (EPS) rose to KWD 0.023 (USD 0.078/EUR 0.061) for January to September 2004 from KWD 0.018 (USD 0.061/EUR 0.048) in the year-ago period. Gulf Glass Manufacturing reported a net profit of KWD 421,551 (USD 1.4 million/EUR 1.1 million) for the 3Q of 2004, up from KWD 213,891 (USD 726,000/EUR 568,000) in the same period of 2003. EPS stood at KWD 0.013 (USD 0.044/EUR 0.035), against KWD 0.007 (USD 0.024/EUR 0.019). Gulf Glass Manufacturing is listed on the Kuwait Stock Exchange (KSE) and reported a net profit of KWD 736,400 (USD 2.5 million/EUR 1.9 million) for 2003, up from KWD 591,600 (USD 2.0 million/EUR 1.6 million) in 2002.

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