Monday , February 26 2018

Americana posts KD 44 mln profits

KUWAIT CITY, Nov 9, (KUNA): 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.

Since its inception in Kuwait back in 1964, Americana Group has grown into one of the largest and most successful corporations in the Middle East and North Africa region (MENA).

Publicly traded on the Kuwait Stock Exchange (FOOD.KW), Americana Group is managed to world-class corporate standards, with activities spanning 13 countries and a payroll of over 60,000 employees from 21 nationalities.

 

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