The financial statements of Mezzan Holding Company showed that the company's profits in the first nine months of this year increased by 12.4% on an annual basis.
According to the company's results for the Kuwaiti Stock Exchange, today, Sunday, profits for the period amounted to 10.27 million dinars, compared to 9.14 million dinars for the first nine months of 2019.
>
The company's profits in the third quarter of this year increased by 17.5%, to reach 2.14 million dinars, compared to 1.83 million dinars for the same period last year. / p>
The company said in a statement to the Stock Exchange that the increase in profits during the third quarter of this year is mainly due to the increase in operating profits resulting from the growth of business volume, and the increase in operating profit margin And the effect of operating leverage, in addition to the reduction in financing costs resulting from the decrease in debt and interest rates
Mezzan's profits rose 24% in the first half of last year, to reach 9 million dinars, while revenues rose 16% to 134.3 million dinars. >
