KIPCO’s H1 income up 20%

July 24, 2014 4:28 am

Kuwait Projects Co (Kipco) has said its net profit for the first six months of this year climbed 20% to KD21.7m ($77m), compared with KD18.1m reported for the same period last year, Kuna has reported. Second-quarter net income was KD11.4m ($40.5m), up 20% on the KD9.5m reported in the same period of 2013. Total revenue for the first half of 2014 grew 18% to KD289m ($1.03bn) from KD244m a year earlier.