Boursa Kuwait records 29.2% increase in its net profit for the period ended 30 September 2022

Boursa Kuwait records 29.2% increase in its net profit for the period ended 30 September 2022

KUWAIT: In a meeting of its Board members on October 30, 2022, Boursa Kuwait announced net profits attributable to equity holders of the parent company of KD 15.1 million for the nine month period ended 30 September 2022, recording an increase of 29.2% compared to the same period in 2021, when the company recorded net profits of around KD 11.7 million. Total operating revenue came in at KD 26.4 million, an increase of 17.7% over the same period in 2021 which stood at approximately KD 22.5 million, while net operating profit increased 41.5% from KD 13.43 million as of 30 September 2021 to KD 19 million as of 30 September 2022.

The company generated 75.16 fils earnings per share, an increase of 29.2% compared to its total of 58.19 fils over the same period in 2021, while the Group’s total assets came in at approximately KD 114.7 million, which is an 8.4% increase versus its 2021 total for the same period of KD 105.8 million. Shareholder equity attributable to equity holders of the parent company increased from KD 56.5 million as of 30 September 2021 to KD 62.7 million as of 30 September 2022, an increase of approximately 11%. Furthermore, the