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Kipco Q1 profit up 25%
- Kuwait: Wednesday, April 27 - 2005 at 07:16
Kuwait Projects Company Group announced a 25% jump in Q1 2005 profit to $28.8m, compared to the same period in 2004. Revenues were up 41% to $80.8m, while earnings per share were at 8.3 fils, up 25%. Kipco has assets of $10bn under management and has substantial ownership in about 70 companies operating in the region and internationally.
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