Boursa Kuwait announces profits of KD 3.26m for period ended March 31, 2021

Boursa Kuwait announces profits of KD 3.26m for period ended March 31, 2021

KUWAIT: In a meeting of its board members on 10 May 2021, Boursa Kuwait announced an operating profit of KD 3.77 million for the three month period ended March 31, 2021, a 74.32 percent increase compared to the same period in 2020, when the company recorded a profit of KD 2.16 million. The company also announced that it recorded profits attributable to equity holders of the parent company of KD 3.26 million for the three months period ended March 31, 2021, a comparable performance compared to the same period in 2020, when the company recorded a profit of KD 3.27 million.

As a result of the consolidation of the Kuwait Clearing Company, which was previously classified as an associate company, as a subsidiary, the company’s total assets came in at approximately KD 110.42 million, which is a 150.65 percent increase versus its 2020 total for the same period of KD 44.05 million.

Shareholders’ equity attributable to equity holders of the parent company also increased from KD 35.37 million in March 2020 to KD 56.07 million for the period ended March 31, 2021, an increase of 58.53 percent, while the company generated 16.26 fils earnings per share, which is attributable to the equity