Egypt, Kuwait Holding records grow in Q2 profits

22 Aug 2016

(MENAFN) Egypt Kuwait Holding (EK) registered an increase in its second quarter profits and first half of this fiscal year.

Moreover, the cited quarter net profit jumped by 16 percent yearly to reach USD10.98mn from USD9.47mn.

In addition the firm attributed higher H1 profits to a growth in revenues raised from the supply of gas, the activity of chemicals and plastic materials.

Meanwhile, the company earned USD21.83mn in the first quarter, up 45 percent from the comparable period a year earlier.

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