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Future Kid Entertainment & Real Estate Q3 profit climbs YOY

Future Kid Entertainment & Real Estate Co. KSCP said its third-quarter normalized net income came to 416,010 dinars, a rise from 191,670 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 increased to 17.3% from 10.1% in the year-earlier period.

Total revenue climbed 25.8% on an annual basis to 2.4 million dinars from 1.9 million dinars, and total operating expenses rose 6.8% on an annual basis to 1.8 million dinars from 1.7 million dinars.

Reported net income increased from the prior-year period to 675,970 dinars, or 1 fils per share, from 313,340 dinars, or 0 fils per share.

As of Nov. 19, US$1 was equivalent to 30 Kuwaiti fils.