Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance (Burgan Drilling) reported a growth of 27.5% in profits during the first quarter ended 30 June 2017 compared to the same period a year ago.
Earnings increased to nearly KWD 500,950 ($1.66 million) in Q1-17 from around KWD 392,860 ($1.3 million) in Q1-16, according to a bourse statement issued on Sunday.
The improvement in the Q1 financial statements is attributed to Burgan Drilling’s contracts with Kuwait Oil Company (KOC).
