As expected…
During Q3 2016, Gulf Cable’s revenues improved by 7.6% yoy to stand at KWD20.810m, after two successive quarters of decline. The revenue increase was mainly driven by Cables sales which rose by 7.5% yoy, establishing at KWD20.768m (c. 99.8% to total revenues). The cost of sales grew by 5.8% yoy to KWD18.223m, representing 87.6% of total sales vs. 89% a year ago. The gross margin gained 145 basis points to 12.4%.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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