Its board of directors approved the financial information for the six months ending this year:
Dalqan Real Estate recorded an increase of 39.1 % in Earnings per Share and 26.49% in net revenues in the first half of the current year
Its board of directors approved the financial information for the six months ending this year:
Kuwait – 27 July 2021:
Dalqan Real Estate Company Board of Directors approved the interim financial information report for the six months ending on June 30, 2021, which indicated an increase in the company’s earnings per share by 39.1%.
The report revealed an increase of 26.49% in the company’s net revenues in the first half of this year, reaching 113,845 thousand dinars, compared to 89.997 thousand dinars for the period ending on June 30, 2020, and an increase of 39.1%, in net profits resulting from cash flows from the company’s operations in the first half of In 2021, amounting to 59,948 thousand dinars, compared to 43,095 thousand dinars for the period ending on June 30, 2020, and a 0.67% increase in the company’s total equity reaching 6.817 million dinars, compared to 6.771 million dinars for the same period last year.
Dalqan Real Estate Company CEO, Fahed Saud Al-Mutairi, stressed the solid financial position of the company, and its ability to develop and deal with the surrounding changes with flexibility and stability, pointing to the company’s focus on laying the necessary foundations to achieve its future vision, to provide integrated services in the real estate sector contributing in the improvement of the quality of life and developing our societies’ business environment.
Dalqan Real Estate has already approved four new activities to its agenda, which are first, carrying out civil, mechanical, and electrical contracting works, and secondly carrying out project management and consultancy-related activities in the field of civil, mechanical, and electrical contracting, thirdly owning Commercial markets and residential complexes, and finally owning, managing, operating, investing, renting and leasing hotels, health resorts, hostels, guest houses, rest houses, parks, gardens, recreational and sports facilities and shops of various levels, including all the original and supportive services and facilities attached thereto and other necessary services, whether inside Kuwait and abroad.