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Mezzan Holding, a leading producer of food, beverage and pharmaceutical products in the Gulf, has posted a 1.2% drop in its revenue for the first quarter which hit KD72.5 million ($236 million), while its net profit fell KD2.9 million ($9.42 million). ....
Mezzan Holding, one of the largest producers and suppliers of food, beverage and pharmaceutical products in the Gulf, has seen its full year 2021 net profit to parent company shareholders fall to KD8.4 million ($27.62 million). ....
Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG, and pharmaceutical products in the Gulf, announced a net profit of KD7.2 million ($23.93 million) for the first half ending June 30, 2021. ....
Mezzan Holding net profit to parent company shareholders up 6.8% KUWAIT, 1 days ago Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf, grew its Q1 2021 net profit to parent company shareholders by 6.8% compared to Q1 2020, as a result of improved operating results.
The company recorded KD73.4 million in revenue, driven by its food manufacturing and distribution, fast-moving consumer goods and healthcare as well as Mezzan’s industrial segment.
Earnings before interest, tax, and depreciation and amortisation (EBITDA) grew by 1% due to the reduction in selling, general & administrative expense (SG&A). ....
Mezzan Holding shareholders approved its Board of Directors’ recommendation to distribute cash dividends of 18% of the nominal value of the share (18 fils per share) representing 50% of the profit, and distribution of treasury shares at a rate of 2%. ....