RIYADH: Kuwait Mezzan Holding KSC may increase prices of its products in the coming period due to disruptions related to production chains, which led to an increase in the prices of production inputs, said CFO Nabil Bin Ayed. The company's strategy is to maintain purchasing power inside and outside Kuwait, and to control the cost of production by finding internal solutions, he
KFH rallies 7 fils, Humansoft Holding dips KUWAIT CITY, May 17: Kuwait stocks pulled higher on Monday as it reopened after a five-day break. The All Shares Index gave up steeper early gains to close 34.19 points down at 6,313.20 pts paced by some of the blue-chips and mid-caps even as the ove
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Mezzan Holding net profit to parent company shareholders up 6.8%
KUWAIT, 1 days ago Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf, grew its Q1 2021 net profit to parent company shareholders by 6.8% compared to Q1 2020, as a result of improved operating results. The company recorded KD73.4 million in revenue, driven by its food manufacturing and distribution, fast-moving consumer goods and healthcare as well as Mezzan’s industrial segment. Earnings before interest, tax, and depreciation and amortisation (EBITDA) grew by 1% due to the reduction in selling, general & administrative expense (SG&A).
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KUWAIT CITY, May 5: Kuwait stocks gained momentum on Wednesday following the three-day advance. The All Shares Index rallied 49.34 points to 6,232.97 pts paced by Agility and some of other blue chips and mid caps even as the banks remained largely muted. The Premier Market soared 74.17 points to 6,757.82 pts taking the month’s gains to 130 points while Main Market slipped 7.16 points. The BK Main 50 scaled 20.86 points to close at 5,410.62 pts. The volume turnover meanwhile continued to rise for the second straight session. Over 525 million shares changed hands – up 5 percent from the day before. The sectors closed mixed. Insurance outpaced the rest with 6.41 percent gain whereas Technology slid 3.67 percent, the steepest decliner of the day.