Educational Holding posts 14% higher profit in H1-19/20

Mubasher: Educational Holding Group recorded net profits worth KWD 4.26 million in the first half (H1) of the fiscal year (FY) 2019/2020, up by 14.2% annually when compared to KWD 3.73 million.

The growth in profits is attributed to provisions for receivables from the last year in addition to a higher share of results from associates in H1-19/20, according to a bourse statement on Wednesday.

Over the second quarter (Q2), the company's profits increased by 29.6% to KWD 2.18 million from KWD 1.68 million in the same period a year ago.

Source: Mubasher

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