KAMCO's 2004 first half revenues were KD 7 million (US$ 23.4 million), an increase of 18 per cent from KD 5.9 million (US$ 20 million) in the first half of 2003. Second quarter net profit in 2004 was up 13 per cent to KD 2.2 million (US$ 7.4 million, or 10.10 fils (3.4 cents) per share, compared to KD 1.9 million (US$ 6.4 million), or 11.70 fils (4.0 cents) in the 2003 second quarter. Paid-up share capital rose to KD 22 million (US$ 74.6 million) in the 2004 second quarter, from KD 15 Million (US$ 50.8 million) in the second quarter last year.
"Our impressive growth pattern continues and these results show the effect of our creative strategies for new long-term investments and major business activities in both local and regional financial sectors," said KAMCO general manager Tariq Abdul Salam.
Browse
related articles
KAMCO 2004 half year profit leaps 84 per cent
- Kuwait: Saturday, July 24 - 2004 at 16:36
- PRESS RELEASE
Related content
KIPCO Asset Management Company (KAMCO), Kuwait's leading asset management and financial services provider and part of Kuwait Projects Company (KIPCO), has posted an 84 per cent leap in net profit in the first half of 2004 to KD 5.2 million (USD 17.6 million), or 23.8 fils (8.1 cents) per share, compared to KD 2.8 million (USD9.5 million), or 17.1 fils (5.7 cents) per share, in the same period last year.
Article Options
Log in to request more information from KIPCO Asset Management Co (KAMCO)
Posted by Christine H. Andersen, Assistant News EditorSaturday, July 24 - 2004 at 16:36 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed May 04 2005.
Notes and Media Contacts »
KAMCO, a subsidiary of United Gulf Bank (UGB) of Bahrain - KIPCO's investment banking subsidiary -is a dynamic force in the Kuwaiti market, with a solid track record of innovative and successful customer services including bond issues, private placements, investment funds, and local and international market trading. The company's strong presence in the financial marketplace is reflected in the dynamic growth of its Assets Under Management (AUM), which now stand at nearly KD 1.81 billion (US$ 6.1 billion).
KAMCO also plays an important role in providing information locally and internationally on companies listed on the KSE, through its investment research department and website www.kamconline.com
KAMCO's investment holdings include United Industries Company (UIC) a major industrial and manufacturing infrastructure provider with sizable investments in dairy, food service, fisheries and industrial coating businesses; Gulf Egypt Hotels and Tourism Company (GEHT) operating from Cairo and holding a major stake in the luxury Sheraton Heliopolis Hotel complex; and United Medical Services Company (UMSC) Kuwait's leading health care provider with rapidly-expanding services in dental and general health care.
KIPCO, the largest private company in Kuwait with US$ 10 billion under management or control, has a portfolio of some 70 companies with major activities in financial services, media & telecommunications, management & advisory services, real estate and industry throughout the Middle East and North Africa.
KAMCO also plays an important role in providing information locally and internationally on companies listed on the KSE, through its investment research department and website www.kamconline.com
KAMCO's investment holdings include United Industries Company (UIC) a major industrial and manufacturing infrastructure provider with sizable investments in dairy, food service, fisheries and industrial coating businesses; Gulf Egypt Hotels and Tourism Company (GEHT) operating from Cairo and holding a major stake in the luxury Sheraton Heliopolis Hotel complex; and United Medical Services Company (UMSC) Kuwait's leading health care provider with rapidly-expanding services in dental and general health care.
KIPCO, the largest private company in Kuwait with US$ 10 billion under management or control, has a portfolio of some 70 companies with major activities in financial services, media & telecommunications, management & advisory services, real estate and industry throughout the Middle East and North Africa.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
