Monday 22 February 2010
Kuwait's KIPCO ekes out modest fourth quarter profit
Investment firm Kuwait Projects Co (KIPCO) (KPRO.KW) posted a net profit of 0.71 million dinars ($2.46 million) in the fourth-quarter, according to Reuters calculations on Monday.
FINANCIALS
Full year net profit came in at 46.32 million dinars, up from 24.1 million in net profit in 2008, the firm said in a statement on the Kuwaiti bourse website on Monday.
KIPCO had a net loss of 59.46 million dinars in the fourth quarter of 2008, according to previous financial data.END
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