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FINANCIAL NEWS
Kuwait’s Mezzan Holding revenue grows to USD 184.9mn
04 May 2016
(MENAFN) Mezzan Holding KSC, one of the main producers and distributors of food, beverage and pharmaceutical products in the Gulf, proclaimed its financial results for Q1 2016.
Furthermore, its revenue increased to reach USD 184.9mn, introducing a 5.3 percent grow on the same period of 2015 and the highest revenue in the firm’s history.
However, profit dropped to USD 17.27mn, down 4.8 percent trailed by the influence of decline in its Catering business and extra taxes not present in Q1 2015.
In addition, its consumer portfolio, which produces more than 70 percent of its income, showed its resilience in these challenging market conditions.
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