Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 11:11 am EDT
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Mezzan Holding Company K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KWD 61.43 million compared to KWD 61.51 million a year ago. Net income was KWD 1.67 million compared to net loss of KWD 1.05 million a year ago. Basic earnings per share from continuing operations was KWD 0.0054 compared to basic loss per share from continuing operations of KWD 0.00345 a year ago.
For the six months, sales was KWD 140.39 million compared to KWD 133.99 million a year ago. Net income was KWD 5.95 million compared to KWD 1.89 million a year ago. Basic earnings per share from continuing operations was KWD 0.01917 compared to KWD 0.00617 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. 
