Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 03:16 pm EDT
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Mezzan Holding Company K.S.C.P. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was KWD 60.662 million compared to KWD 59.850 million a year ago. Operating income was KWD 3.525 million compared to KWD 4.928 million a year ago. Net income was KWD 2.281 million compared to KWD 3.478 million a year ago. Basic earnings per share from continuing operations was KWD 7.47 compared to KWD 11.42 a year ago. For the half year, sales was KWD 134.030 million compared to KWD 134.255 million a year ago. Operating income was KWD 9.973 million compared to KWD 11.321 million a year ago. Net income was KWD 7.239 million compared to KWD 8.121 million a year ago. Basic earnings per share from continuing operations was KWD 23.8 compared to KWD 26.67 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. 
