|25 August, 2019

Boubyan Petrochemical buys $161mln equity in Kuwait Foundry

Kuwait Foundry’s profits shrank by 84.2% in Q2-2019

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

REUTERS/Caren Firouz
Kuwait - Representing Boubyan Petrochemical, Kuwait Foundry Co.’s board member purchased around 189,700 of the latter’s shares on Thursday 22 August 2019, Kuwait Foundry disclosed to Boursa Kuwait on Sunday.

The deal was concluded at a total value of KWD 49,300 nearly or KWD 259.9 fils per share, according to the disclosure.

It is worthwhile to mention that during the second quarter of 2019, Kuwait Foundry’s profits shrank by 84.2% to about KWD 79,250 when compared to around KWD 500,170 in Q2-18

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities