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Al Mazaya turns to profitability in 9M

Al Mazaya turns to profitability in 9M
The company's revenues decreased to KWD 9.472 million
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ENBDREIT
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MAZAYA
MAZAYA
0.13% 78.20 0.10

Mubasher: Al Mazaya Holding reported net profits attributable to the shareholders of KWD 148,200 during the first nine months of 2021, against net losses of KWD 5.266 million in the same period of 2020, according to the company's unaudited interim consolidated financials for the nine-month ended 30 September 2021.

The company's revenues decreased to KWD 9.472 million in the January-September period of 2021 from KWD 15.829 million in the corresponding period of 2020.

The basic earnings per share (EPS) stood at 0.24 fils in the first nine months of 2021, versus losses per share of 8.39 fils in the corresponding period of the previous year.

Meanwhile, the diluted earnings per share (EPS) settled at 0.24 fils, against 8.38 fils.

During the third quarter (Q3) of 2021, the company recorded net profits attributable to the shareholders of KWD 63,967, against net losses of KWD 317,142 in the same quarter of 2020.

It is noteworthy to mention that during the first half (H1) of 2021, the net profits attributable to the shareholders of Al Mazaya recorded KWD 84,233, against net losses of KWD 4.949 million in the year-ago period.