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Future Kid Entertainment & Real Estate Q3 profit climbs 7.6% YOY

Future Kid Entertainment & Real Estate Co. KSCP said its third-quarter normalized net income came to 447,810 dinars, a gain of 7.6% from 416,010 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 18.4% from 17.3% in the year-earlier period.

Total revenue rose on an annual basis to 2.4 million dinars from 2.4 million dinars, and total operating expenses climbed year over year to 1.8 million dinars from 1.8 million dinars.

Reported net income increased 8.1% on an annual basis to 730,420 dinars, or 1 fils per share, from 675,970 dinars, or 1 fils per share.

As of Nov. 17, US$1 was equivalent to 30 Kuwaiti fils.