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FINANCIAL NEWS
Kuwait’s KIPCO reports USD33.4m profit in Q2
08 Aug 2013
(MENAFN) Kuwait Projects Co (KIPCO) posted an 11 percent increase in quarterly earnings and expects a double-digit revenue growth in 2013.
The largest investment firm in Kuwait by assets said it made USD33.4 million bet profit during the second quarter, up from USD30.15 million a year earlier.
KIPCO, a major regional investment house with stakes in media, industrial, financial and real estate companies, said its revenue growth may accelerate during the rest of the year.
Revenues during the first half of the year grew by 23 percent to USD1.07 billion.
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