Misr Kuwait Investment turns to losses in 6 months

Updated 8/11/2024 9:36:00 AM
Misr Kuwait Investment turns to losses in 6 months

Arab Finance: Misr Kuwait Investment and Trading Company (MKIT) has incurred EGP 1.083 million in net loss after tax during the first six months of 2023, versus net profits worth EGP 9,618, according to the financial statements filed to the Egyptian Exchange (EGX) on August 11th.

The company’s revenue grew to EGP 8.416 million in the six-month period ended June 30th from EGP 8.305 million in the year-ago period.

Established in 1998, the company provides real estate property investment and management. It owns and operates cattle and chicken farms while producing eggs, poultry, meat, cheese, and bakery products.

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