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Al Dar Al-Ghida reports 19.5% profit growth in H1 2026
Dara Food Company’s profits increased by 19.51% year-over-year in the first half of 2026, achieving a net profit of 464,470 Kuwaiti dinars (approximately $655,130) compared to 388,650 Kuwaiti dinars (about $548,220) in the same period of the previous year. The growth is attributed to a 39.16% reduction in financing costs, which declined to 39,030 Kuwaiti dinars, as well as a 2.55% decrease in the provision for expected credit losses, amounting to 51,990 Kuwaiti dinars. Additionally, the company recorded a remarkable 439.38% increase in profits for the first half of 2017, reaching 437,500 Kuwaiti dinars compared to 81,110 Kuwaiti dinars in the first half of the previous year.
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