trending Market Intelligence /marketintelligence/en/news-insights/trending/GDN4tjaRSWDbDqqqZs5rvg2 content esgSubNav
In This List

Al Eid Food Q3 profit climbs YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Al Eid Food Q3 profit climbs YOY

Al Eid Food Co. KSCP said its normalized net income for the third quarter amounted to 192,460 dinars, a gain from 186,650 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 declined to 5.2% from 5.3% in the year-earlier period.

Total revenue increased 6.2% on an annual basis to 3.7 million dinars from 3.5 million dinars, and total operating expenses increased 6.3% from the prior-year period to 3.3 million dinars from 3.1 million dinars.

Reported net income increased from the prior-year period to 304,640 dinars, or 0 fils per share, from 295,500 dinars, or 0 fils per share.

As of Oct. 28, US$1 was equivalent to 30 Kuwaiti fils.