Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG, and pharmaceutical products in the Gulf, has seen its first-quarter net profit to parent company shareholders soar 45.1% to KD4.3 million ($14.03 million).
Kuwait: Mezzan Holding Q1 2023 net soars 45.1% to $14.03mln zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
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, 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).