Mezzan Holding, a leading maker and distributor of food, beverage, FMCG, and pharmaceuticals, has posted a steep 73.9% plunge in its first half (H1) net profit to parent company shareholders netting just KD1.9 million ($6.2 million).
Kuwait’s All Share Index fell by 5.3% in the month of June as negativity in global markets caught up to the GCC region, said Kuwait Financial Centre (Markaz) in its recently released Monthly Market Review report for June.
Mezzan Holding, a leading producer of food, beverage and pharmaceutical products in the Gulf, has posted a 1.2% drop in its revenue for the first quarter which hit KD72.5 million ($236 million), while its net profit fell KD2.9 million ($9.42 million).
Mezzan Holding, one of the largest producers and suppliers of food, beverage and pharmaceutical products in the Gulf, has seen its full year 2021 net profit to parent company shareholders fall to KD8.4 million ($27.62 million).
Agility drops 9 fi ls, Humansoft Holding gains KUWAIT CITY, Jan 20: Kuwait stocks slipped into a trough Thursday as it wrapped up the week on a dull note. The All Shares Index dropped 10.81 points in range bound trade to 7364.48 points dragged by some of the heavyweights and mid-caps. The Premier