Gulf Cables secures cKWD4 million contract for low voltage cables with Kuwait’s Ministry of Electricity and Water
Gulf Cable and Electrical Industries Company (CABL.KW) received an order worth KWD3.95 million from Kuwait’s Ministry of Electricity and Water for the supply of low voltage cables. Gulf Cables expects to earn an operating income margin of 5.75% of the contract value, but this may change subject to volatility in prices. The financial impact will reflect on the company’s 2016 financial statements. (Company disclosure)
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