VOL. XXXI
NO. 43
1-AUGUST-1988
International and Banking News
REGIONAL BANKING
IIC's Profits Go up
The Kuwait International Investment Company (KIIC) has reported an 87.8% dropin its 1987 net profits of KD397,503 ($1.41mn) from KD3.27mn (KD11.60mn) in1986, when KIIC recorded a return to profit for the first time after losses in1985 and 1984. The fall in profitability was due to a sharp decline in operatingrevenue to KD12.20mn in 1987 from KD17.11mn in 1986, coupled with a smaller fallin operating...
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