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Egypt Kuwait Holding’s profit hikes 14% YoY in 9M/19

Egypt Kuwait Holding’s profit hikes 14% YoY in 9M/19
Revenues surged to $393.1m in 9M
EKH
EKHO
1.38% 0.88 0.01

Cairo – Mubasher: Egypt Kuwait Holding (EKH) has reported a 13.7% year-on-year profit hike during the first nine months of 2019.

The company’s profit reached $85.28 million from January to September 2019, compared to $75 million in the year-ago period, according to a bourse statement released on Thursday.

Revenues surged to $393.09 million in the January-September period, against $338.92 million a year earlier.

As for the standalone results, EKH’s profit declined to $14.7 million in the nine-month period ended 30 September versus $21.75 million the year before.