Sharp Increase in Kuwait Projects Co. Profits

published:15/11/2018 05:20 GMT

KIPCO – the Kuwait Projects Company (Holding) – announced a net profit of KD 8.32 million (US$27.4 million), or 3.43 fils per share (USUS$ 1.1 cents), for the third quarter of 2018 (the three months ended September 30, 2018). This is a 30 % increase over the KD 6.42 million (US$21.2 million) reported in the second quarter of the year and a 2 % increase over the profit reported for the same period last year. For the first nine months of 2018, the company made a net profit of KD 20.4 million...More