Boursa Kuwait increases its net profit by 13.3% to reach KD 18 million for 2022

Boursa Kuwait increases its net profit by 13.3% to reach KD 18 million for 2022

Kuwait: In a meeting of its Board of Directors on Sunday, February 12, 2023, Boursa Kuwait announced that it has recorded net profit of KD 18 million for the financial year ended December 31, 2022, a 13.3% increase from its 2021 total of KD 15.9 million. The company also recorded operating revenue of KD 35.2 million over the same period, an increase of 12.8% over its KD 31.2 million total in 2021. Meanwhile, operating profit for the 2022 financial year came in at KD 22.6 million, or an increase of 22% over the total of KD 18.5 million recorded in 2021, while the company’s earnings per share increased 13.3% from 79.15 fils in 2021 to 89.67 fils for the financial year ended December 31, 2022.

Additionally, the Group’s total assets came in at approximately KD 119.6 million as of December 31, 2022, which is an 8.3% increase versus the 2021 total of KD 110.4 million, while shareholders’ equity attributable to equity holders of the parent company increased from KD 60.6 million as of December 31, 2021, to KD 65.5 million as of December 31, 2022, an increase of approximately 8.1%.

As a result, Boursa Kuwait’s Board of Directors proposed the distribution of