Kuwait – Mubasher: Egypt Kuwait Holding (EK Holding) on Monday disclosed its results for the first quarter of 2017, noting that it achieved a year-on-year profit increase of 3.6%.
Profits rose to KWD 6.65 million ($21.79 million) in the first three months of the year, from KWD 6.42 million ($21.04 million) in the year-ago period, according to a filing to Boursa Kuwait.
The Egypt and Kuwait-listed company attributed its profit growth to higher revenues from its operations, including gas delivery, chemicals, plastics, and fertiliser operations, reaching $96.7 million.
EK Holding had previously logged $76.5 million in profits for the full-year 2016, registering a 55% surge from $49.4 million, recorded in 2015.
