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

Danah Al Safat Foodstuff swings to profit in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


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.