Boubyan Petrochemical K S C P : Results of Analysts Conference Held on 16 Mar. 2023

Boubyan Petrochemical Company

Investor Update - January 31st, 2023 results

Boubyan Petrochemical Company - 3Q22/23 results

Business Highlights

Financial

Highlights

• BPC witnessed a growth of 58% in its bottom line compared to the same quarter last year, on the back of a distribution of an interim dividend by the Equate Group during the quarter, along with a healthy growth in core investment income.
• Boubyan reported net income of KWD4.0mn in 3Q22/23 compared to KWD2.5mn in 3Q21/22 (EPS of 7.67 fils in 3Q22/23 vs 4.84 fils in 3Q21/22)
• The investment portfolio value reached KWD416.5mn as of 3Q22/23 where the core investments (excluding Equate) accounted for 20.5% of the portfolio

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Core Investments Updates

• In 1Q22/23, EDU reported a net income of KWD2.04mn, compared to KWD1.87mn during the same period last year.
• The improvement in net income during the quarter was a result of an improvement in the Company's share of results from associates.
• EYAS remained stable during the quarter, as reported a net income of KWD1.44mn in 1Q22/23 compared to a profit of KWD1.45mn in 1Q21/22.
• Furthermore, GUST is expected to start accepting students into its engineering programs in the upcoming fall semester.
• Nafais continued its strong performance during 3Q22, as it posted a net income of KWD2.6mn compared to KWD2.3mn during the same period last year.
• The growth in its bottom line was a result of an increase in revenues from tuition fees during the quarter.

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