The financial statements of Noor Financial Investment Company showed that the company's profits rose in the last year by 46.8% on an annual basis.
according to the company's results for the Kuwaiti Stock Exchange, today, Thursday, last year’s profits amounted to 11.857 million dinars, compared to 2019's profit of 8.077 million dinars.
The company said in a statement to the Stock Exchange that the increase in profits during the comparative years was due to the increase in the share of the results of associates.
The company achieved profits of 2.559 million dinars in the fourth quarter of last year, compared to 2.246 million dinars in the same period last year, an increase of 14%. / p>
The total equity of the company's shareholders in the last year was about 66.88 million dinars, compared with 64.62 million dinars in 2019, an increase of 3.5%.
while the company's operating revenues fell last year by 5%, to reach 28.50 million dinars, compared to 29.99 million dinars in 2019.
The company’s board of directors recommended distributing cash dividends for the past year at 6% of the share par value by 6 fils per share, with a total value of about 2.37 million dinars.
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Nour's profits rose 59.5% in the first nine months of last year, to reach 9.3 million dinars, compared to 5.83 million dinars in the same period in 2019. < / p>
