KIPCO on track to hit revenue goal

Kuwait Projects Co (Kipco), the Gulf state’s largest privately owned investment company, said it was on track to hit its target of a double-digit rise in revenue this year after reporting an 18 per cent increase in the first half.

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Published: Thu 24 Jul 2014, 9:47 PM

Last updated: Sat 4 Apr 2015, 3:13 AM

Net profit in the second quarter to June 30 rose 20 per cent to $40.4 million, the company said. Arqaam Capital had expected Kipco to make a profit of KD12 million in the quarter.

KIPCO, a major regional investment house, said first-half revenue rose to KD289 million.

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