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BKIC nearly doubled Q4 2012 income
- Bahrain: Sunday, March 10 - 2013 at 06:18
Bahrain Kuwait Insurance Co (BKIC) has said its 2012 net profit rose to BD4.2m from BD4.15m in the previous year, Gulf Daily News has reported. Fourth-quarter net profit also climbed to BD1.1m, compared with BD679,639 for the same period a year earlier, due to the reduction in provisions for impairment of investments made by the company during the last quarter. Total assets recorded an increase from BD83.8m in 2011 to BD88.3m in last year, BKIC said.
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