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Egypt Kuwait Holding registers $312m in 9M-22 profits

Egypt Kuwait Holding registers $312m in 9M-22 profits
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Cairo – Mubasher: The net profits of Egypt Kuwait Holding increased to $312.09 million during the first nine months (9M) of 2022, compared to $173.09 million in the year-ago period.

The company logged $809.87 million in 9M-22 revenues, compared to $544.14 million in 9M-21, according to a bourse filing on Monday.

Meanwhile, the company’s standalone profits totalled $30.71 million in the nine-month period ended 30 September 2022 from EGP 27.34 million in the same period in 2021.

In the third quarter (Q3) of 2022, the net profits amounted to $96.21 million, compared to $63.79 million in the year-ago quarter.

It is worth noting that Egypt Kuwait Holding is dually-listed on the Egyptian Exchange (EGX) and Boursa Kuwait.