date:Aug 12, 2014
Kuwait Food Co, which sells food products under the Americana brand name, reported an 8.7 percent increase in second-quarter net profit on Sunday.
The company made a profit of 12.80 million dinars ($45.2 million) compared to 11.78 million dinars in the corresponding period of 2013, it said in a statement on Kuwait's bourse. Total operating revenue rose 5.9 percent to 238.70 million dinars.
Americana, 67 percent owned by the Kharafi family, one of the largest merchant families in the Gulf Arab