Boursa Kuwait records a 60.6 percent net profit jump in the first quarter of 2022.
Event Location
Kuwait, Kuwait
Start Time
01 May 2022, 12:00 AM
End Time
31 May 2022, 12:00 AM
Boursa Kuwait has recorded a 60.6 percent net profit jump in the first quarter of 2022, compared to the same period the previous year, the company said in a filing.
During the first quarter of the current year, the stock exchange has achieved a net profit of 5.25 million Kuwaiti dinar ($17 million), up from 3.26 million Kuwaiti dinar in the corresponding period last year.
Operating profit has also soared 65.6 percent, to achieve 6.3 million Kuwaiti dinar up from 3.8 million Kuwaiti dinar.
Earning per share has increased by 60.6 percent, amounting to 26 fils for the first quarter, compared to 16.2 fils in the same period in 2021.
CEO Mohammad Saud Al-Osaimi said, “The company’s performance reflects our commitment to adding value to shareholders, exemplified by the rising dividend growth over the past few years.”
Kuwait stock Market NewsBoursa kuwait updates 2022
