MTCC makes a profit for Year 2012

March 27, 2013

Year 2012 has been a period of steady growth for us as we managed to increase our order book by a significant amount. MTCC has successfully delivered some quality projects before its completion date last year. In spite of a tough global economic environment and regional challenges, Mushrif has achieved positive results and has maintained the momentum of our good performance in the past. Last year, MTCC achieved revenues of KD 37.5m. On March 25, 2013, the Board of Mushrif Trading and Contracting Co. approved financial statements for FY12, which reflected KWD 1,605,620 million profit, compared with KWD 2.005 million a year earlier. The board recommended withholding dividends for FY12, pending the approval of shareholder meeting and competent authorities.