Kuwait Flour Mills profit hits KD 52 mln – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Kuwait Flour Mills profit hits KD 52 mln – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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KUWAIT CITY, March 22: The Kuwait Flour Mills and Bakeries Company announced, Tuesday, that it achieved net profits of about 52 million Kuwaiti dinars (about $170 million) in 2022, an increase of 19 percent, reports Al-Jarida daily. The company’s chairman, Osama Al- Fraih, said in a press statement after the company’s general assembly that the total shareholders’ equity amounted to 565.5 million dinars (about $1.8 billion) in 2022 compared to 522.6 million dinars (about $1.7 billion), an increase of 19 percent. Al-Fraih added that the company sales amounted to 669.3 million dinars (about $2.2 billion) in 2022, compared to 497.7 million dinars (about $1.6 billion) in 2021, an increase of 11%.