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).
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).
Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG, and pharmaceutical products in the Gulf, announced a net profit of KD7.2 million ($23.93 million) for the first half ending June 30, 2021.
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).