Operating profit shifted to "Magharebia" results to positive in 2019Visits : 53

Operating profit shifted to

The financial statements of Gulf Maghreb Holding Company showed the companys turnaround in profitability last year compared to 2018 losses.

According to the company’s results for the Kuwaiti stock market today, Sunday, last year’s profits amounted to 116.43 thousand dinars (380.71 thousand dollars), compared to the losses in 2018 of 1.26 million dinars (4.12 million dollars).

The company said that the positive shift in profits during the comparison years is due to the increase in operating profits.


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