Latest news with #KuwaitNationalCinemaCompany
Zawya
a day ago
- Business
- Zawya
Kuwait National Cinema Company posts $28.48mln net profit
KUWAIT CITY, Aug 10: Kuwait National Cinema Company (KNCC) announced a net profit of KD 8.7 million (approximately USD 26.5 million) for the first half of 2025, marking a 16 percent increase compared to KD 7.5 million (USD 22.8 million) recorded in the same period last year. According to a disclosure published on the Kuwait Boursa website on Sunday, earnings per share (EPS) rose to 94.84 fils in the first half of 2025, up from 81.63 fils during the corresponding period in 2024, reflecting the same 16 percent growth. The company attributed the improved financial performance to a combination of factors, including a 3 percent increase in operating revenues, a 5 percent reduction in costs, a slight 0.4 percent rise in financing interest expenses, and a 9 percent growth in its share of results from an associate company. Founded in 1954 and publicly listed on the Kuwait Stock Exchange since 1984, KNCC has an authorized and paid-up capital of KD 10.10 million (around USD 30.8 million). The company specializes in cinema-related activities encompassing education, entertainment, and intellectual pursuits both within Kuwait and abroad. In addition to its core business, KNCC invests surplus funds in financial and real estate portfolios managed by professional firms. The company also operates and manages restaurants, cafes, and ready-made meal services. The steady growth in KNCC's financial results underscores its resilient market position and diversified business operations.
Arab Times
2 days ago
- Business
- Arab Times
Lights, camera, profit: KNCC posts KD 8.7 million net profit
KUWAIT CITY, Aug 10: Kuwait National Cinema Company (KNCC) announced a net profit of KD 8.7 million (approximately USD 26.5 million) for the first half of 2025, marking a 16 percent increase compared to KD 7.5 million (USD 22.8 million) recorded in the same period last year. According to a disclosure published on the Kuwait Boursa website on Sunday, earnings per share (EPS) rose to 94.84 fils in the first half of 2025, up from 81.63 fils during the corresponding period in 2024, reflecting the same 16 percent growth. The company attributed the improved financial performance to a combination of factors, including a 3 percent increase in operating revenues, a 5 percent reduction in costs, a slight 0.4 percent rise in financing interest expenses, and a 9 percent growth in its share of results from an associate company. Founded in 1954 and publicly listed on the Kuwait Stock Exchange since 1984, KNCC has an authorized and paid-up capital of KD 10.10 million (around USD 30.8 million). The company specializes in cinema-related activities encompassing education, entertainment, and intellectual pursuits both within Kuwait and abroad. In addition to its core business, KNCC invests surplus funds in financial and real estate portfolios managed by professional firms. The company also operates and manages restaurants, cafes, and ready-made meal services. The steady growth in KNCC's financial results underscores its resilient market position and diversified business operations.
Arab Times
15-04-2025
- Entertainment
- Arab Times
No Fairytale Ending: Kuwait Blocks ‘Snow White' Over Israeli Star
KUWAIT CITY, April 15: For the second time, a film featuring Israeli actress Gal Gadot has been banned from cinemas in Kuwait. Following the 2022 ban of Death on the Nile, the upcoming movie Snow White has now been pulled from Kuwaiti cinemas by the Kuwait National Cinema Company (Cinescape), Grand Cinema, and Vox Cinema. Ibrahim Al-Juraidan, head of marketing at Cinescape, stated that the film was canceled due to Gadot's involvement. The decision aligns with Kuwait's official stance and came after public calls to prevent the film's release. In Snow White, directed by Marc Webb, Gadot plays the Evil Queen opposite Rachel Zegler in the title role. Gadot, a former conscript in the Israeli army, has faced widespread criticism from pro-Palestinian movements for her public support of the Israeli military and its actions in Gaza. Similarly, Lebanese authorities have also banned the film from screening, citing a decision by the Arab League's Boycott of Israel office, due to the participation of the Israeli actress.
