Gulf Glass nine-month profit up USD 1.3 million

Kuwaiti listed glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 1.1 million (USD 3.8 million/EUR 3.2 million) for the first nine months of 2005, up from KWD 740,400 (US…

Kuwaiti listed glass products maker Gulf Glass Manufacturing Company posted a net profit of KWD 1.1 million (USD 3.8 million/EUR 3.2 million) for the first nine months of 2005, up from KWD 740,400 (USD 2.5 million/EUR 2.1 million) for the corresponding period in 2004. Earnings per share (EPS) stood at KWD 0.0308 (USD 0.105/EUR 0.089) in the first nine months of 2005, up from KWD 0.0217 (USD 0.074/EUR 0.063) for the year-ago period. Net profit for the 3Q 2005 stood at KWD 290,000 (USD 993,200/EUR 841,200), translating into EPS of KWD 0.0085 (USD 0.029/EUR 0.025). Gulf Glass Manufacturing reported a net profit of KWD 1.0 million (USD 3.4 million/EUR 2.9 million) for 2004, up from KWD 736,360 (USD 2.5 million/EUR 2.1 million) in the previous year, it was reported on 22 February 2005.