Mobile Telecommunications Company K.S.C.P. has announced its earnings results for the third quarter and the nine months ending September 30, 2024. For the third quarter, the company reported sales of KWD 500.61 million, a slight increase from KWD 485.11 million in the same period last year. Net income for the quarter was KWD 54.12 million, compared to KWD 53.93 million in the previous year. Basic and diluted earnings per share from continuing operations both stood at KWD 13, up from KWD 12 a year ago.
For the nine months, the company recorded sales of KWD 1,445.46 million, an increase from KWD 1,414.82 million in the same period last year. However, net income declined to KWD 135.53 million, compared to KWD 182.72 million in the previous year. Basic and diluted earnings per share from continuing operations were KWD 31, down from KWD 42 a year ago.
