Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 10:10 am EST
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Mezzan Holding Company K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KWD 60.56 million compared to KWD 57.19 million a year ago. Net loss was KWD 8.41 million compared to net income of KWD 2.29 million a year ago. Basic loss per share from continuing operations was KWD 0.02703 compared to basic earnings per share from continuing operations of KWD 0.00744 a year ago.
For the nine months, sales was KWD 194.54 million compared to KWD 191.22 million a year ago. Net loss was KWD 6.52 million compared to net income of KWD 9.53 million a year ago. Basic loss per share from continuing operations was KWD 0.02118 compared to basic earnings per share from continuing operations of KWD 0.0312 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. 
