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FINANCIAL NEWS
Kuwait’s NIC returns to profit by September-end
03 Nov 2010
(MENAFN) Kuwait’s National Investments Company (NIC) posted $22 million in profits during the nine months that ended on September 30, compared to a loss of $17.7 million in the same period last year, Kuna reported.
The total equity amounted to $738.9 million for the nine months, which ended on September 30, 2010 compared to $746.7 million for the same period last year, the company said in a statement to the Kuwait Stock Exchange (KSE).
The total assets reached $955.4 million, while total liabilities amounted to $216 million for the nine months compared to $164 million in the same period last year, it added.
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