Misr Kuwait Investment turns to a profit in Q1

Updated 5/28/2023 9:00:00 AM
Misr Kuwait Investment turns to a profit in Q1

Arab Finance: Misr Kuwait Investment and Trading Company (MKIT) has turned to profitability during the first quarter (Q1) of 2023 with EGP 27,749 in net profits after tax, versus net losses of EGP 1.096 million in Q1 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on May 28th.

Operating revenue dropped to EGP 4.655 million in Q1 2023 from EGP 5.404 million in Q1 2022.

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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