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NIND earns KD 8 mln in Q1 Tashilat posts KD 6.5 mln net profit in H1

KUWAIT CITY, Aug 14, (KUNA): The Commercial Facilities Company (Tashilat) earned KD 6.5 million, 13 fils per share, in the first six months of this year, compared to KD 6.8 million, 13 (fps), in the same period of the past year. Shareholders’ equity amounted to KD 165.2 million in the sixth months period that ended on June 30, in contrast to KD 163.7 million. Assets amounted to KD 285.2 million, liabilities KD 120 million in the first half of this year, as compared to KD 121.3 million of the same period of the past year. The company was set up in 1977. It was enlisted by the Kuwait Stock Exchange in 1984, with a paid-up capital of KD 53.6 million. Tashilat Co. is involved in various types of businesses and operations, such as granting credit facilities for funding consumption commodities.

Meanwhile, the National Industries Group Holding (NIND) announced gaining KD 8 million of profits with six fils per share in the first six months of 2014, compared to profits of KD 10.4 million with 7.9 fils per share in the same time period of last year. The company said in a statement on the website of Kuwait Stock Exchange (KSE) that the total of shareholders equity reached KD 427.4 million compared to KD 381.6 million in 2013.
The company added that the total of assets recorded KD 1.37 billion, while liabilities reached KD 801 million in 2014, compared to KD 381.6 million last year. The company was established in 1960 and enlisted in KSE in 1984 with a capital of KD 135.9 million. NIND operates within the diversified financial sector focusing on multi-sector holdings. It has 34 subsidiaries operating across the Middle East, North Africa, British Islands, Australia, New Zealand and Southern and Central Asia. Moreover, it participates in the establishment of, lending to and managing of companies, acting as a guarantor for them.

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