Financial and Banking News
CIDCO Shows Lacklustre Profits
Profits at the Coast Investment and Development Company (CIDCO) - theKuwait-controlled `Gulf' investment company - have declined for the secondstraight year and 1988 results published last week showed a lacklustreperformance for the year. Having distributed accumulated profits, CIDCO'sshareholders' equity dropped in 1988 to $120.9mn. Its portfolio of marketablesecurities was cut sharply from...