Now Reading
Kuwait’s KIPCO Q1 Net Profit Rises By 17%

Kuwait’s KIPCO Q1 Net Profit Rises By 17%

Net profit in the three months to March 31 was KD12 million.

Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, reported a 17 per cent rise in first-quarter net profit on Saturday.

Net profit in the three months to March 31 was KD12 million ($40 million), compared to KD10.3 million in the same period last year, the firm said in a statement.

KIPCO, a regional investment house with stakes in media, industrial, financial and real estate companies, said operating profits before provisions for the period rose to KD37 million from KD34 million in the first-quarter of 2014.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top