Kipco’s quarterly earnings up 20%

May 8, 2014 2:05 am


Kuwait Projects Co (Kipco), the Gulf state’s largest-listed investment firm, has posted a 20% increase in first-quarter profit to KD10.3m ($36.7m), compared with KD8.6m in the year-earlier period, Reuters has reported. Kipco’s first-quarter revenue rose 19% to KD137m.

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