Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 15, 2020 at 06:02 am EST
Share
Mezzan Holding Company K.S.C.P. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was KWD 60.098 million compared to KWD 54.779 million a year ago. Operating income was KWD 3.359 million compared to KWD 2.928 million a year ago. Net income was KWD 2.144 million compared to KWD 1.824 million a year ago. Basic earnings per share from continuing operations was KWD 7.04 compared to KWD 5.99 a year ago. For the nine months, sales was KWD 194.353 million compared to KWD 169.814 million a year ago. Operating income was KWD 14.680 million compared to KWD 12.103 million a year ago. Net income was KWD 10.265 million compared to KWD 9.136 million a year ago. Basic earnings per share from continuing operations was KWD 33.71 compared to KWD 30 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. 
