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Mezzan Holding Q2 profit climbs 6.4% YOY

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Mezzan Holding Q2 profit climbs 6.4% YOY

4911346 said its normalized net income for the second quarter amounted to 3.0 million dinars, a rise of 6.4% from 2.8 million 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 5.7% from 5.5% in the year-earlier period.

Total revenue increased year over year to 52.8 million dinars from 51.6 million dinars, and total operating expenses rose year over year to 47.4 million dinars from 46.4 million dinars.

eported net income decreased 31.6% from the prior Mezzan Holding Co. KSCP