Gulf Glass sees plunge in profit

Gulf Glass Manufacturing’s recently reported financial statements for H1-FY14 reflected KWD 799 thousand profit, a decrease of by 30.4% compared to the previous year.

Gulf Glass Manufacturing reported interim financial statements for H1-FY14 which reflected KWD 799 thousand profit, a decrease of 30.4% from KWD 1.14 million in the same period of previous year.
The company’s operating profit reiterated in H1-FY14 by around 18% to KWD 1.44 million, compared to KWD 1.75 million in the same period a year earlier.