NAPESCO posts KD 7.9mn net profit for first 9 months

09/11/2017 05:20 AST

National Petroleum Services Company (NAPESCO) announced on Tuesday that its net profit was totaling KD 7.9 million (around $25.8 million) during the first nine months of 2017, compared to KD 5.7 million during the same period in 2016, an increase of 39.7 percent.

NAPESCO announced today on Boursa Kuwait, which formally assumed responsibility for Kuwait's stock market operations on 25 April 2016, official website that the net income per share of the first nine months of 2017 reached 82.3 fils, compared to 58.9 fils of the same period in 2016, with rise by 37.9 percent.

The positive results are reached thanks to the increase in the operational activity, indicating the absence of revenues and expenses from related transactions during the mentioned period, NAPESCO added.

National Petroleum Services Company (NAPESCO) was founded in 1993 as a private company offering pumping services to the Kuwait Energy Sector.

NAPESCO has established itself as a leading provider of Upstream Oilfield Services including Cementing, Stimulation, Coiled Tubing, Nitrogen, and Downhole Service Tools. Since 2003 NAPESCO has been a publicly traded company listed on the Kuwait Stock Exchange. In 2006 the company expanded its business operations with the region through additional capital investments, facility expansion, further diversification of business activities and the start of International Operations.


Arab Times

News

National Petroleum of Kuwait Full-Year Profit

11/03/2009

National Petroleum Services Co. KSDCC, a Kuwait-based oil-service company, said full-year profit in 2008 declined 87.5 percent, without giving a reason.

Net income fell to 192,774 dinars

Bloomberg

Most Viewed Companies

Ticker Price Volume

Valuation

NAPESCO Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SAUDIARAMCO 25.82 0.04 (0.15%)
ADNOCGAS 3.34 0.01 (0.30%)
ADNOCDRILL 5.78 0.04 (0.69%)
ADNOCDIST 4.04 -0.01 (-0.25%)
PETRORABIGH 17.32 -0.27 (-1.54%)

Recent News

Solidarity Bahrain recognised for Digital Transformation Excellence

30/09/2026

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has been named 'Best Digital Transformation Company Bahrain 2026' by the World

GDN Online

e& UAE unveils secure communications solution Rannah

30/09/2026

e& UAE has unveiled Rannah, a "Made in UAE" secure communications solution developed in collaboration with the Cyber Security Council (CSC) and fully designed, developed and hosted in the country.

Trade Arabia

Saudi Steel Pipe seals key Aramco supply contract

30/09/2026

Saudi Steel Pipe Company (SSP) has announced that it has won a SAR73 million ($19.2 million) contract to supply steel pipes for oil and gas to Saudi oil giant Aramco.

A major player in the r

Trade Arabia

SABIC AN selects KBR technology for new Jubail Ammonia plant

30/09/2026

KBR has announced that SABIC Agri-Nutrients (SABIC AN) has selected its Purifier technology for a new 3,500 metric tonnes per day (MTPD) single-train ammonia plant in Jubail, Saudi Arabia.

U

Trade Arabia

Jazeera Airways selects CFM LEAP-1A engines for nine additional A320neo aircraft

30/09/2026

Jazeera Airways has selected CFM International LEAP-1A engines to power nine additional A320neo aircraft, expanding its existing engine services agreement with CFM to cover the airline's current and

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap