Middle East Economic Survey
KIPCO Profits Reach $86.44Mn In 2004
Kuwait Projects Company (KIPCO) Group announced on 13 February that its net profits reached KD25.24mn ($86.44mn) in 2004, a 39% increase over the KD18.21mn ($62.36mn) achieved in 2003. KIPCOs total consolidated assets rose from KD685mn ($2.346bn) to KD808mn ($2.767bn), an 18 % increase; while total revenue rose from KD60mn ($205.46mn) to KD72mn ($246.57mn), a 20% increase. KIPCO, with assets...