LOC13:44
10:44 GMT
KUWAIT, July 25 (KUNA) -- Mazaya Holding Company (Mazaya) announced achieving profits of 4.13 KD million in the first half of 2016 with earnings per share (EPS) of 6.66 fils, in comparison to profits that reached KD four million with an EPS of KD 6.61, during the same time last year.
Mazaya said in a statement published on the Kuwait Stock Exchange's website Monday that the total shareholder's equity for the first half of this year reached KD 106.5 million, in comparison to the shareholder's equity that reached KD 100.2 million during the same period last year ( 1 USD is equivalent to KWD 0.302).
It was also stated that the total assets reached KD 233.9 million in comparison to liabilities that reached KD 119.2 million from January to June 30 2016. This can be compared to the liabilities that reached KD 157.2 million during the same period last year.
Mazaya was established in 1998, but formally entered the Kuwait Stock Exchange in 2005 with a capital of KD 68.8 million. All operations dealing with real estate services and products offered by Mazaya comply with the rules and regulations of Kuwait.
Mazaya invests its excess funds in investment and real estate funds run by specialized professional companies.(end).
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