Manazel Holding Company K.S.C. (Holding) announced earnings results for the third quarter and nine months of 2014. For the quarter, the company reported, net profit surge to KD 7.094 million (USD 24.45 million/EUR 19.53 million) from KD 587,918. Earnings per share (EPS) rose to KD 9.92 from KD 0.82. Operating profit amounted to KD 7.86 million. Total operating revenue stood at KD 18.58 million.

For the nine months, the company reported net profit for the nine-month period to end-September 2014 soared 254% to KD 8.78 million. EPS respectively increased to KD 12.27 from KD 3.47. Operating profit grew 574% on the year to KD 10.74 million. Total operating revenue came in at KD 25 million, compared to an year-earlier result of KD 6.37 million.