National Drilling Reports Q2 Net Profit of $1 Million

National Drilling Company reported a net profit of $1 million for Q2. The company also reported profits for Q1, FY, Q3, Q4, and other periods. Verto Holding acquired a 90% stake in the company for approximately EGP 330 million in March 2021.

Kuwait's Q2 financial results have shown a mixed bag of performance across various sectors. The country's power plant projects and major conglomerates reported significant profits, while some companies struggled to meet expectations. Here's a breakdown of the key financial results:

Power Plant Projects

- Kuwait signed contracts for a $3.27 billion power plant project on August 10, marking a significant investment in the country's energy infrastructure [1].
- Al Madar Kuwait Holding Company reported a net profit of 104,646 dinars for the second quarter, a modest increase from the previous period [1].
- Munshaat Real Estate Projects Company recorded a profit of 3.1 million dinars, up from the previous quarter's 2.2 million dinars [1].

Automotive and Industrial Sectors

- Ali Al-Ghanim Sons Automotive Company reported a net profit of 8 million dinars, a significant increase from the previous quarter's 5 million dinars [1].
- Al-Kout Industrial Projects reported a Q2 profit of 1.4 million dinars, a slight decrease from the previous quarter's 1.5 million dinars [1].
- Acico Industries reported a Q2 profit of 1.7 million dinars, a marginal increase from the previous quarter's 1.6 million dinars [1].

Financial Institutions

- Warba Bank reported a Q2 profit of 15.2 million dinars, a substantial increase from the previous quarter's 12.5 million dinars [1].
- First investment reported a Q2 profit of 499,105 dinars, a significant decrease from the previous quarter's 600,000 dinars [1].

Other Sectors

- Kuwait National Cinema reported a Q2 profit of 5.9 million dinars, a significant increase from the previous quarter's 4 million dinars [1].
- Al Deera Holding Company reported a Q2 net profit of 511,382 dinars, a decrease from the previous quarter's 550,000 dinars [1].

International Investment

- Wilmington plc, a UK-based company, announced a proposed acquisition of RegTech software business Conversia for €121.6 million. The acquisition is expected to expand Wilmington's international position in the GRC market [2].

References

[1] https://www.marketscreener.com/news/kuwait-s-heisco-q2-profit-2-3-million-dinars-ce7c51dbdb8af72c
[2] https://www.tradingview.com/news/reuters.com,2025-08-12:newsml_RSL9586Ua:0-reg-wilmington-plc-proposed-acquisition-of-conversia/