Boursa Kuwait’s net profit increases by 36.8% for the first half of 2022

Boursa Kuwait’s net profit increases by 36.8% for the first half of 2022

Kuwait: In a meeting of its Board members on 1 August 2022, Boursa Kuwait announced net profits (attributable to equity holders of the Parent Company) of KD 10.7 million for the six month period ended 30 June 2022, an increase of 36.8% compared to the same period in 2021, when the company recorded net profits of around KD 7.8 million.

The company generated 53.37 fils Earnings per Share, an increase of 36.8% compared to its total of 39.03 fils over the same period in 2021, while the Group’s total assets came in at approximately KD 110.8 million, which is an almost 4% increase versus its 2021 total assets for the same period of KD 106.5 million. Equity (attributable to equity holders of the Parent Company) increased from KD 52.6 million at 30 June 2021 to KD 58.3 million at 30 June 2022, an increase of 10.8%, while total operating revenue came in at KD 18.4 million, an increase of 21.8% over the same period in 2021, which stood at approximately KD 15.1 million.

Boursa Kuwait Chairman Mr. Hamad Meshari Al-Humaidhi commented: “We are pleased to have recorded a net profit of around KD 10.7 million for the first half of 2022, which