trending Market Intelligence /marketintelligence/en/news-insights/trending/VGUJK9xG5vxTbZG99kfdRA2 content esgSubNav
In This List

Danah Al Safat Foodstuff swings to profit in Q1

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Danah Al Safat Foodstuff swings to profit in Q1

Danah Al Safat Foodstuff Co. KPSC said its first-quarter normalized net income was 143,490 dinars, compared with a loss of 183,490 dinars in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.3% from negative 2.8% in the year-earlier period.

Total revenue climbed 24.2% on an annual basis to 8.0 million dinars from 6.5 million dinars, and total operating expenses grew 15.2% on an annual basis to 7.8 million dinars from 6.8 million dinars.

Reported net income totaled 29,190 dinars, or 0 fils per share, compared to a loss of 380,400 dinars, or a loss of 0 fils per share, in the prior-year period.

As of May 25, US$1 was equivalent to 30 Kuwaiti fils.