Misr Kuwait Investment logs 12.23% higher loss in 6 months

Updated 8/14/2022 2:54:00 PM

Arab FinanceMisr Kuwait Investment and Trading Company (MKIT) registered a 12.213% increase in net loss after tax during the first six months of 2022, recording EGP 2.056 million, according to the financial statements filed to the Egyptian Exchange (EGX) on August 14th.

The company’s operating revenue grew to EGP 11.757 million in the six-month period ended June 30th from EGP 10.486 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.