Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022 at 03:25 am EDT
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Mezzan Holding Company K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KWD 61.51 million compared to KWD 60.66 million a year ago. Net loss was KWD 1.05 million compared to net income of KWD 2.28 million a year ago. Basic loss per share from continuing operations was KWD 0.00345 compared to basic earnings per share from continuing operations of KWD 0.00747 a year ago.
For the six months, sales was KWD 133.99 million compared to KWD 134.03 million a year ago. Net income was KWD 1.89 million compared to KWD 7.24 million a year ago. Basic earnings per share from continuing operations was KWD 0.00617 compared to KWD 0.0238 a year ago.
Mezzan Holding Company KSCP is a Kuwait-based industrial conglomerate. The Company's business activities are divided into five segments: Food, manufacturing and selling food, such as meat and dairy products, snacks and biscuits, as well as beverages; Fast Moving Consumer Goods (FMCG), responsible for the production and distribution of health and beauty products, medicines, medical and household products, such as shampoos, body soaps and tissues; Catering, offering catering services within short- and long-term contracts, as well as single event catering; Industrial, producing plastic goods, lube oil and paperboard for packing purposes; and Services, including ancillary storage, and logistics, among others. The Company controls a number of subsidiaries, such as Kuwait Indo Trading Company WLL, Conserved Foodstuff Distributing Company WLL, Plastic Industries Company and Al Muntasser Shampoo Factory. It operates in Kuwait, Qatar, Iraq, and Jordan, among others.
MEZZAN HOLDING COMPANY K.S.C.P. 
