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Egyptian Kuwaiti Holding 9 months net hits $ 100 m
Released on - Thursday,05 November , 2009 -10:58 24
Arab Finance: Egyptian Kuwaiti Holding - (EKHO) sent a release to EGX, stating that company’s BOD which was held in 4th November 2009 approved company’s both standalone and consolidated financial results for the period ending in 30th September 2009.
The release stated that, company’s consolidated financial results for the first 9 months of 2009 showed a net profit of $ 100,260,515, compared to $ 86,952,463 in the same period of 2008; representing an increase of 15 %.
The company also reported standalone financial results posting a net profit of $ 50,518,462 for the first 9 months of 2009, compared to a net profit of $ 43,906,721 in the same period of 2008, representing an increase of 15 %.
It is worth noting that, stocks profitability in the consolidated financial results for the first 9 months of 2009 reached $ 0.13, compared to $ 0.11 in the same period of 2008.
Source: EGX