Appreciable Q3 revenue growth
The Q3 sales grew up 21.4% to KWD55.6M, increasing the 9 month revenues to KWD183.2M (+38.3%). However, the net profit dropped 59.9%, from KWD1.49M in Q3 2014 to KWD0.6M in Q3 2015. From early 2015, the net profit declined from KWD3.6M, in September 2014, to KWD2.7M in September 2015, i.e. -24.1%.
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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