Mubasher: Mezzan Holding reported a 1.7% year-on-year increase in net profit during the first quarter of 2019, recording KWD 5.1 million ($16.76 million).
The company’s revenue grew 6.5% YoY to KWD 62.6 million in Q1-19, according to a report released on Saturday.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 9.8% YoY in the three-month period ended 31 March to KWD 7.9 million.
Mezzan noted that its revenue grew in all the main markets despite different challenges and variants.
The Boursa Kuwait-listed company's profits fell 40.7% to KWD 7.7 million last year, while revenues levelled up 1.4% to KWD 207.5 million
