Kuwaiti KIPCO hits USD48.4m net profit in Q4

22 Feb 2015

(MENAFN) Kuwait Projects Co (KIPCO) hit USD48.4 million net profit in the fourth quarter of 2014, marking a 2 percent increase, Gulf News reported.

The Gulf state’s largest listed investment company logged a net profit of USD48.4 million in the three months to December period against USD47.28 million year-on-year.

KIPCO’s board recommended a cash dividend of 0.084 dollar a share for 2014 ,with its diverse number of stakes put in media, industrial, financial and real estate companies.

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