Egypt Kuwait Holding revenues increase $140 mn in Q2 2019 YoY

Doaa A.Moneim , Friday 9 Aug 2019

Egypt Kuwait Holding Company (EKH) has reported an increase of $140.1 million in revenues during the second quarter of 2019, a year-on-year increase of 21 percent, according to an earnings release.

The company is optimistic about its medium and long-term growth prospects due to the ongoing Egyptian gas boom, the completion of its subsidiary NatEnergy’s 40 MW expansion at the Kahraba plant by late 2020, and the entry of its fertilisers and petrochemicals division into a new export market, it said.

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