The shares of the Minerals and Manufacturing Company included in the Kuwait Stock Exchange with a rate of 9.95% during the trading of Sunday’s session, to circulate at the price of 221 fils per share, achieving its highest level in 28 days.
Trading on the share of minerals and manufacturing industries at that time came through 176.07 thousand shares with a value of trading 38.44 thousand dinars.
The highest price for the share at that time was at 222 fils, while the lowest price for the stock was at 214 fils.
The Minerals and Manufacturing Company recorded a significant increase in its profits during the first quarter of 2025, as profits grew by more than 111702% compared to the same period last year.
The net profit for the three months ended on March 31, about 140.87 thousand Kuwaiti dinars, compared to a net profit of only 126 dinars during the first quarter of 2024.
The company attributed this remarkable growth growth to the high revenues resulting from projects during the current period compared to the same period of the previous year.
It should be noted that the Minerals and Manufacturing Company, listed on the Kuwait Stock Exchange since May 1996, has been working in the commercial and professional services sector with a focus on environmental services and facilities. The company is located in Kuwait City, and it was established in June 1987.
The company had recorded losses in the last quarter of 2024 at a value of 67.70 thousand dinars, compared to profits of 43.45 thousand dinars in the same quarter of 2023.
