Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 10:10 am EST
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Mezzan Holding Company K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 65.16 million compared to KWD 60.56 million a year ago. Net income was KWD 2.16 million compared to net loss of KWD 8.41 million a year ago. Basic earnings per share from continuing operations was KWD 0.00696 compared to basic loss per share from continuing operations of KWD 0.02703 a year ago.
For the nine months, sales was KWD 205.55 million compared to KWD 194.54 million a year ago. Net income was KWD 8.1 million compared to net loss of KWD 6.52 million a year ago. Basic earnings per share from continuing operations was KWD 0.02613 compared to basic loss per share from continuing operations of KWD 0.02118 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. 
