BOUBYAN PETROCHEMICAL COMPANY K.S.C.P. Boubyan Petrochemical Company
Investor Update - July 31st, 2023 results
Boubyan Petrochemical Company - 1Q23/24 results
Business
Highlights
Financial
Highlights
- Boubyan achieved a net profit of KWD 3.2 mn in 1Q23/24, despite a significant decline in dividend income from the Equate Group and the performance of the petrochemical sector subsidiaries.
- During the quarter, income from Boubyan's education portfolio reached KWD 2.63 mn, marking a 24% increase from KWD 2.12 mn during the same period last year.
- Boubyan has entered into an agreement, through one of its wholly-owned subsidiaries, to fully acquire a company providing early years and K-12 education. The completion of the transaction is pending regulatory approvals.
- Boubyan reported net income of KWD 3.2 mn in 1Q23/24 compared to KWD 10.1 mn in 1Q22/23 (EPS of 5.92 fils in 1Q23/24 vs 19.45 fils in 1Q22/23).
- The value of the investment portfolio as of 1Q23/24 amounted to KWD 435.0 mn, with core investments (excluding Equate) accounting for 24.7% of the portfolio.
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Boubyan Petrochemical Company KSC published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 09:34:08 UTC.
