trending Market Intelligence /marketintelligence/en/news-insights/trending/8JksJG06LRCOzt-7cy_quQ2 content esgSubNav
In This List

Humansoft Holding Q3 profit climbs 56.6% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Humansoft Holding Q3 profit climbs 56.6% YOY

Humansoft Holding Co. KSCP said its third-quarter normalized net income came to 3 Kuwaiti fils per share, an increase of 56.8% from 2 fils per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.2 million dinars, a gain of 56.6% from 2.0 million dinars in the prior-year period.

The normalized profit margin climbed to 27.3% from 19.8% in the year-earlier period.

Total revenue increased 13.5% on an annual basis to 11.6 million dinars from 10.2 million dinars, and total operating expenses decreased 8.2% from the prior-year period to 6.2 million dinars from 6.8 million dinars.

Reported net income rose 56.6% on an annual basis to 5.0 million dinars, or 4 fils per share, from 3.2 million dinars, or 3 fils per share.

As of Nov. 4, US$1 was equivalent to 30 Kuwaiti fils.