Mezzan Holding Company K.S.C.P. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 12:32 pm IST
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Mezzan Holding Company K.S.C.P. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was KWD 59.850 million compared to KWD 52.389 million a year ago. Net income was KWD 3.478 million compared to KWD 2.241 million a year ago. Basic earnings per share was KWD 0.01142 compared to KWD 0.00736 a year ago. For the half year, sales was KWD 134.255 million compared to KWD 115.035 million a year ago. Net income was KWD 8.121 million compared to KWD 7.311 million a year ago. Basic earnings per share was KWD 0.02667 compared to KWD 0.02401 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. 
