Mubasher: Mezzan Holding Co registered a decrease of 6.2% in profits during the first quarter of 2018 compared to the same period in the previous year.
Earnings narrowed to KWD 4.99 million ($16.57 million) in Q1-18 from KWD 5.32 million ($17.66 million) in Q1-17, according to a bourse statement on Thursday.
Mezzan posted a growth of 2.2% in revenues to KWD 58.8 million in Q1-18 when compared to the same quarter in 2017.
The results of Q1-18 came in line with the executive board’s expectations.
At the stock level, Mezzan closed Thursday’s session 2.25% higher at 728 fils.
