Kipco H1 net profit declines

11 August 2010

Kuwait Projects Co (Kipco) has revealed its H1 net profit fell to KD 9.6m ($33m) from KD21.6m for the same period last year. Second quarter profit rose 2% to KD4.8m from KD4.7m reported in the previous quarter. Total revenues for the first six months of 2010 declined to KD193.8m compared to KD230.6m in the first half of 2009.

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