Cairo – Mubasher: Egypt Kuwait Holding (EKH) on Wednesday reported a 29.4% year-on-year rise in consolidated profits for the first half of 2018, recording $63.3 million from $48.9 million.

As for standalone profits, the company logged $15.8 million in profits for the three-month period ended June, slightly up from $15.3 million in H1-17, the company said in a filing to the Egyptian Exchange (EGX).

EKH, listed on the EGX and Boursa Kuwait, previously posted a 13.4% year-on-year increase in consolidated profits for Q1-18, generating $25.37 million in net profit, versus $22.3 million.

The company’s capital amounts to $256.11 million distributed over 1.02 billion shares at a par value of $0.25 per share.