top of page
  • Writer's pictureTeam CargoTalk

JTC net profit up 37% to KD6 million in 2023




JTC, which operates in GCC, announced a net profit of KD6.0 million for the year 2023, reflecting an addition of 37 per cent from the previous year, Sheikh Ali Fawaz Al Sabah, Chairman, JTC, said. JTC Board of Directors recommended the distribution of 22 fils per share for the 2023 financial year. Operating revenue increased by 5 per cent, to KD28.8 million for the year. In addition to revenue expansion, higher margins also supported the increase in net profit. Earnings per share (EPS) subsequently increased from 29.21 fils to 40.14 fils. “JTC has continued its growth momentum as operations expand in existing and new business lines as well as out of Kuwait. Investments made in KSA in the past have started generating results. The company’s strategy to prioritize higher-margin segments for growth in our three markets has led to an increase in its operating margins,” Al Sabah said.

Comments


bottom of page