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KIPCO Q1 profits up 100%

The Kuwait Projects Company has announced a 100% rise in normalised profits in the first three months of 2008 over the same period last year. The 2007 Q1 figure does not include the revenue from the sale of assets, inlcuding Wataniya Telecom. Total revenues for Q1 increased 73% over 2007 to $508.5m