Misr Kuwait Investment turns to profits in H1

CAIRO – 6 August 2017: Misr Kuwait Investment and Trading posted LE 204,200 ($11,491) profits in the first half of 2017, versus losses of LE 281,700 for the same period last year, a Sunday statement said.

Gross profit increased to LE 1.06 million in the first six months of this year compared to LE 724,099 in the year-ago period.

Sales increased to LE 14.2 million in H1 of 2017, up from LE 9.13 million in H1 of 2016.
Moreover, revenues saw a rise to LE 188,694 after achieving LE 105,757 in the first half of the last year, the statement added.

Misr Kuwait Investment produces and distributes meat products in Egypt. It serves hotels, private restaurants, and restaurant-managing companies; governmental and general catering companies; and supermarkets and retailers.