Americana posts KD 44 mln profits

12/11/2017 05:44 AST

Americana Group (Kuwait Food Company) said Thursday that it has posted profits totaling KD 44 millions (equivalent to $146 million), in the first nine months of 2017.

According to Boursa Kuwait website, Americana noted that the company’s share for the same period reached 114.8 fils, compared to 114.3 fils during the same period past year.

Americana Group attributed such profits due to the rationalized sale and decline in operational costs, adding that total earnings from related deals for the company has reached KD 73,000.


Arab Times

News

PIF buys 50% stake in Gulf food giant Americana

30/11/2016

The Public Investment Fund (PIF) is to acquire a 50 percent stake in a UAE firm which last month took control of Kuwaiti food giant Americana.

Through a wholly owned subsidiary, the PIF will

Arab News

Kuwait’s Americana posts 31% Q2 net profit gain

09/08/2016

Kuwait Food Co (Americana) posted a 31 per cent rise in second-quarter net profit on Monday. The operator of restaurant franchises in the Middle East, including KFC, made a net profit of 9.03 million

Reuters

Dubai group pays $2.4bn for control of Kuwait's Americana

19/06/2016

An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a Kuwaiti merchant family, for about $2.4 b

Arab News

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

FOOD Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Top Related Companies

Ticker Price Change
MEZZAN 777.00 -1.00 (-0.13%)
CATTL 223.00 0.00 (0.00%)
DANAH 71.50 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap