Egypt Kuwait Holding's Q1 profit grows 30%

Cairo – Mubasher: Egypt Kuwait Holding (EKH) posted consolidated net profits of $53.01 million in the first quarter (Q1) of 2021, rising by 30% year-on-year (YoY) from $40.72 million, including minority shareholders’ rights.

The revenues grew to $178.64 million in the three-month period ended 31 March, compared to $152.32 million in the prior-year period, the company said in a bourse disclosure on Monday.

In addition, the standalone financial results showed net profits of $32.28 million in Q1-21, up from $7.44 million in Q1-20.

During 2020, Egypt Kuwait Holding achieved net profits of $116.296 million, up from $115.601 million in 2019, including minority shareholders’ rights.

Source: Mubasher

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