Mubasher: Mezzan Holding Company reported a 50% growth in profits during the third quarter (Q3) of the year, as shown by the company’s financial statements.
Profits amounted to KWD 1.83 million ($6.04 million) in Q3-19, up from KWD 1.22 million ($4.03 million) in the same quarter a year earlier, the company said in a statement to Boursa Kuwait on Thursday.
In the nine-month period to 30 September, profits rose by 13.5% year-on-year to KWD 9.14 million.
The rise in profits was attributed to increased revenues by 5.2%, and better operational earnings.
