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Kipco H1 profits up 31%

Kuwait Projects Company, a $15bn enterprise with major activities in financial services, media and telecoms and a variety of other business sectors across the Middle East and North Africa, has posted a 31% rise in first half profits to $58.6m. Revenues jumped 34% to $163m. Kipco has substantial ownership interests in a portfolio of some 55 companies operating throughout the region and internationally.