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Egypt-Kuwait Co. reaps $69 mln

KUWAIT, Nov 15 (KUNA) -- Egypt-Kuwait Holding Company reaped KD 21.33 million (USD 69.7 million) worth of net earnings in the past nine months, against KD 12.48 million (USD 40.80 million) same period in 2016 -- rising by 71 percent.
The company said in a statement posted on Boursa Kuwait website on Wednesday that the earnings per share stood at 21.4 fils compared to 12.80 fils, climbing by 67 percent.
The company was established in 1997. It was enlisted at the bourse in 2001, with a capital amounting to USD 500 million (KD 153 million).
Its operations outside Egypt include participation in establishing companies, contributing to projects and financial portfolios.

For its part, Alargan International Real-Estate Company said it posted KD 5.07 million (USD 16.5 million) worth of profits in the past nine months, in contrast to KD 1.1 million (USD 3.5 million) in the 2016 corresponding period.
Earnings per share stood at 19.90 fils against 4.54 fils, rising by 338.33 percent.
Alargan company was established in 2002, It was enlisted at the bourse in 2007, with a capital amounting to KD 26.5 million (USD 86.6 million).
It deals in property trades, manages properties, provides studies and consultations. (end) mke.rk