Americana posts profits of Kuwait dinar 41.8m in 9 months

Kuwait Food Co. (Americana) announced Wednesday profits of KD 41.8 million in the first three quarters of 2014 with per share dividends amounting to 107 fils.
The figures reflect a remarkable increase when compared to profits and dividends of KD 36.3 million and 93 fils made in the corresponding period of last year, according to a statement posted by the company on Kuwait Stock Exchange (KSE) website.
The total value of shareholder dividends amounted to KD 353,500 in the nine months ending on September 30, 2914, compared to KD 304,600 in the corresponding period of last year (a Kuwaiti dinar is worth USD 3.42).
The total value of Americana's assets topped KD 675,800 with financial commitments amounting to KD 282,900 in the first nine months of 2014, compared to commitments of KD 278,300 in the corresponding period last year, according to the statement.
Since the inception of its Kuwait branch 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 63,000 employees from 21 nationalities.