Al Dar Al-Ghidha Profits Rise 19.5% in H1 2026
Dar Al-Ghidha Company recorded a 19.5% year-on-year increase in its profits for the first half of 2026, reaching a net profit of 464.47 thousand Kuwaiti Dinars (approximately $655,000) compared to 388.65 thousand Kuwaiti Dinars (about $548,000) in the same period of the previous year. This growth was driven by a 39.16% reduction in financing costs, which declined to 39.03 thousand Kuwaiti Dinars, as well as a 2.55% decrease in the estimated credit loss provision. The results indicate that the company achieved significant profit growth compared to the same period in 2017, with an increase of 439.4%, thanks to improved cost efficiency and overall financial performance.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)