Arzan Financial Group for Financing and Investment (ARZAN) on Tuesday announced a net profit of KD 3.5 million (about USD 12 million) in the first nine months of this year, indicating the earnings per share reached 4.45 fils, compared with 2.5 fils in the same period of 2013. The company stated that the net profit in the same period of 2013 reached KD 1.98 million.
In its statement published on the website of Kuwait Stock Exchange, the company said that shareholders’ equity totaled KD 116 million from January to September 2014, compared with KD 125.2 million in the same period of 2013.
The company’s total assets hit KD 161.1 million, the statement added, noting the liabilities reached KD 26.4 million in the first nine months of 2014, compared with KD 25.5 in the same months of 2013.
Established in 1980 and enlisted in KSE in 1996 with a paid-up capital of KD 80.2 million, Arzan Financial Group for Financing and Investment offers credit facilities for consumer goods.
Source : KUNA Kuwait News agency
