Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Full Year Ended December 31, 2023
March 11, 2024 at 03:07 am EDT
Share
Mezzan Holding Company K.S.C.P. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was KWD 271.18 million compared to KWD 255.17 million a year ago. Net income was KWD 11.46 million compared to net loss of KWD 1.97 million a year ago.
Basic earnings per share from continuing operations was KWD 0.03695 compared to basic loss per share from continuing operations of KWD 0.00638 a year ago.
Mezzan Holding Company KSCP is a Kuwait-based industrial conglomerate. The Company's business activities are divided into five segments: Food, manufacturing and selling food, such as meat and dairy products, snacks and biscuits, as well as beverages; Fast Moving Consumer Goods (FMCG), responsible for the production and distribution of health and beauty products, medicines, medical and household products, such as shampoos, body soaps and tissues; Catering, offering catering services within short- and long-term contracts, as well as single event catering; Industrial, producing plastic goods, lube oil and paperboard for packing purposes; and Services, including ancillary storage, and logistics, among others. The Company controls a number of subsidiaries, such as Kuwait Indo Trading Company WLL, Conserved Foodstuff Distributing Company WLL, Plastic Industries Company and Al Muntasser Shampoo Factory. It operates in Kuwait, Qatar, Iraq, and Jordan, among others.
MEZZAN HOLDING COMPANY K.S.C.P. 
