Arab Finance: Misr Kuwait Investment and Trading Company (MKIT) has registered a 72.95% year-on-year (YoY) higher loss during the first quarter (Q1) of 2022, recording EGP 1.097 million, compared to EGP 634,271 in Q1 2021, according to the financial income statement filed to the Egyptian Exchange (EGX) on May 29th.
Operating revenue grew to EGP 5.405 million in Q1 2022 from EGP 5.172 million in Q1 2021.
Established in 1998, the company provides real estate property investment and management. It owns and operates cattle and chicken farms, while producing eggs, poultry, meat, cheese, and bakery products.