Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwiat- Company Raises Its Operating Profit In 2013  Join our daily free Newsletter

MENAFN - Arab Times - 12/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Entertainment Real Estate Future Kid company expects to continue to assist its operating and financial performance during the next years especially after its success in increasing the total of its sites to 16 sites diffused in Kuwait government and that's after opening Awtad Algahraa (Discovery) branch and opening the new Mishref branch, buying new games and developing, renewing and upgrading some branches. In addition to inventing new characters inspired by the nature of Kuwait (SKOOLI ) and (JERBY) making new characters for Discovery agency (Dan and Terbo). The entertainment affairs manager and the vice mandatory member in the company Fasial Almotawa has said in a press release that the company has increased the total areas of the company's entertainment facilities in Kuwait to more than 22000 square meters while visitors limit has exceeded the million visitors limit annually and that's according to executing the expansion and development strategy that aims to assuring our leadership in the field of making safe family entertainment industry



Almotawaa has revealed that the company is looking forward to executing some specific projects in the next year, most notably is the opening of new branches for agencies, developing Discovery agency for sword games, using new methods to develop the complementary non entertaining resources in addition to adding innovated goods and activities to some branches during the next weeks. Regards to the company's outdoor activity, Almotawa has revealed that the company is continuing to resuming expansions to execute its plans where it has succeeded in increasing the total areas of the Saudi Ard Alfarah company to more than 27000 square meters through opening Hafr Al-Batin branch with a space of 1700 square meters and Teeba Land branch in Medina with a space of 8000 square meters and the Qarrat branch in Medina with a space of 3000 square meters referring to studying new plans to develop and expand some of the company's facilities in Saudi Arabia and United Arab Emirates in addition to the chance to enter new markets



In the same context, Almotawa has mentioned that the company has achieved its income through its operational activity in an almost complete shape where this operational activity development reflects on the financial activity which witnessed continuous improvement recently especially on 2012 where the total income has been increased by 12% to 7.2 million Dinars and the operational activities has reached 2.392 million Dinars and the net profit has reached 842 thousand Dinars expecting that this development will continue in the near future where the company has achieved income growth during the first 9 months of 2013 to 1099 Dinars which means 9.73 Fills for the Share compared to 1089 Dinars which means 9.49 Fills for the Share.





Almotawa has stressed on that the company is aiming to achieving contributors' benefits through executing new strategies and future visions which concentrate on upgrading the performance to a higher level in the field of family entertainment locally and regionally, achieving excellence in providing services and sites development, creating a complete entertainment system, expansion in providing complementary trophic services, making deals with credibility and trust worthy parties in this field, investment in the field of human development to raise the educational level of students in Kuwait, continuing to executing regional studied plans, creating new income channels and the diversification of financial resources to supply the development plans



Almotawa has expected that the Kuwaiti market is going to witness more development in the field of entertainment industry with more than 12% income annually especially in the sector of closed hall which the company is specialized in. Almotawa has said that the company has specialized in this field because of many factors like its commensurate with Kuwait climate and concentrating on tools that witness more presence by children like video games and it's expected that the international total expenses on it is going to be around 83 million Dollard on 2016 with an annual growth of 7.2%

 


Arab Times




  MENA News Headlines
 May 3 2015 - Pleasant weather forecast over next three daysJordan News Agency
(MENAFN - Jordan News Agency) The weather on Sunday is expected to be pleasant in the hilly areas and moderate in other parts of the Kingdom with northwesterly moderate winds.According to the Jordan ...

 May 3 2015 - Israeli forces destroy hundreds of acres in NablusJordan News Agency
(MENAFN - Jordan News Agency) Israeli forces destroyed hundreds of acres of cultivated lands on Sunday in the Khirbet Al-Tawil area east of Nablus in the West Bank.Member of the Popular Committee ...

 May 3 2015 - WHO pushes the health diplomacy agenda forward in a fourth high level seminar in CairoJordan News Agency
(MENAFN - Jordan News Agency) The World Health Organization Regional Office for the Eastern Mediterranean Saturday started the fourth seminar on health diplomacy in Cairo, Egypt.The seminar is ...

 May 3 2015 - Israeli occupation forces hold military maneuvers in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Sunday started large military training and maneuvers in the northern West Bank.Israeli Radio said that these maneuvers which will last until ...

 May 3 2015 - 650 trucks with goods, construction materials enter GazaJordan News Agency
(MENAFN - Jordan News Agency) Some 650 trucks loaded with commercial goods and construction materials entered the Gaza Strip on Sunday as the Israeli occupation authorities reopened the Karam Abu ...

 May 3 2015 - Muscat Municipality delegation concludes visitJordan News Agency
(MENAFN - Jordan News Agency) A delegation from Muscat Municipality concluded a visit to the Amman Greater Municipality (GAM), during which representatives discussed how they might cooperate and ...

 May 3 2015 - Officials call on Jordanian and Kazakh private sectors to increase cooperationJordan News Agency
(MENAFN - Jordan News Agency) Jordanian and Kazakh officials have called upon the private sectors in both countries to take advantage of investment opportunities, especially after political ...

 May 3 2015 - Results of poll of Ensour's government to be announced tomorrowJordan News Agency
(MENAFN - Jordan News Agency) The University of Jordan's Center for Strategic Studies will hold a press conference on Monday to announce the results of a poll regarding Prime Minister Abdullah ...

 May 3 2015 - Jordan adopts special strategy to counter terrorism, says interior ministerJordan News Agency
(MENAFN - Jordan News Agency) Interior Minister Hussein Majali said Jordan is making every effort to counter terrorism and extremism through developing a strategy involving civil society ...

 May 3 2015 - Iraq voices concern over US Congress billJordan News Agency
(MENAFN - Jordan News Agency) Iraqi Prime Minister Haider Al-Abadi received a telephone call from United States Vice President Joe Biden, in which al-Abadi discussed his concerns over a bill before ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help