Jassim Transport & Stevedoring Company (JTC), a leading provider of ports and contracts logistics in Kuwait, has reported a revenue of KWD10.7 million ($35.4 million) and a net profit of KWD1.2 million for the first half of the year.
Kuwait-based Jassim Transport & Stevedoring Company (JTC) has reported growth in revenue and net profit for two consecutive quarters this year despite market challenges, posting a revenue of KD10.7 million ($35.4 million) in the first six months.
Jassim Transport & Stevedoring Company (JTC), a leading provider of ports and contracts logistics in Kuwait, has reported a revenue of KWD10.7 million ($35.4 million) and a net profit of KWD1.2 million for the first half of the year.
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Jassim Transport & Stevedoring set to Boursa Kuwait listing
KUWAIT CITY, 9 hours, 49 minutes ago Jassim Transport & Stevedoring Company (JTC), a leading provider of ports and contracts logistics services as well as heavy equipment and power leasing in Kuwait and the GCC, said it is in the process of completing the private placement to increase its shareholders’ base. Following the preliminary regulatory approval from the Capital Markets Authority, the JTC commenced the private placement mid-June. CEO Adel Kohari said: The company is proceeding with its strategy to list its shares on the Boursa Kuwait. In addition to the private placement, we are carrying out several internal procedures that will improve the level of transparency, provide the necessary training for employees to deal with the company s new strategy and other matters that contribute to the company s readiness for listing.