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FinancialNews


  • 12-05-19

    Kuwait's Mezzan net profit up 1.7 percent

    (MENAFN) Net income in Kuwait's Mezzan Holding stood at USD16.76 million from January to March 2019, marking a jump by 1.7 percent on an annual basis.

    Revenues in the Kuwaiti company were also revealed in a report to have reached KWD 62.6 million during the first quarter to reflect a 6.5 percent boost.

    Profits in the company, excluding interest, taxes, depreciation, and amortisation (EBITDA), posted a 9.8 percent surge during the first three months of the year to KWD 7.9 million.

    This solid performance, the company affirmed, was witnessed in all key markets regardless of various problems and variants.

    MENAFN1205201900450000ID1098511455

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