Al Mazaya achieves KD2.9m profit

Al Mazaya holding company has announced its annual financial results for the first half of 2013, with the company achieving a gross profit of KD2.9 million.

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Published: Tue 23 Jul 2013, 9:58 PM

Last updated: Tue 7 Apr 2015, 8:01 PM

The company also recorded a net profit of KD0.4 million in the same period with a profitability of 0.73 fils per share.

The total revenue of the company reached KD15.2 million, distributed by an operating revenue of KD13.6 million, and other revenues of KD1.6 million. Al Mazaya attributed the good results to the success in completing and delivering of a large number of residential units and offices in projects in Dubai, as well as high occupancy rates in its projects in Kuwait, Dubai, and KSA.

Chairman Rasheed Al Nafisi, said that the size of the company’s assets amounted to about 220.5 million dinars.

— business@khaleejtimes.com



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