Shamal Az-Zour Al-Oula Power and Water Company announced Thursday a net profit of KD 14.4 million (USD 43.6 million) in 2022, an increase of 6.8 percent, compared with KD 13.5 million (USD 40.9 million) in 2021.
The company’s earnings per share in 2022 amounted to KD 13 fils, an increase of 8.3, compared with KD 12 fils in 2021, stated the company in a published disclosure on Boursa Kuwait website.
The company attributed the positive results in the financial statements during the comparison period to the high performance of Shamal Az-Zour station, while the Board of Directors approved a recommendation of a cash dividend of four fils.
Shamal Al-Zour Company was established in 2013, and listed on the Kuwait Stock Exchange in 2020, to construct and operate Az-Zour North One Power and Water Plant, with an authorized capital of KD 110 million (about USD 333.3 million).
Source: Kuwait News Agency