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KUWAIT: Kuwait Projects Company Holding (KIPCO)) Reported a net profit of 7.1 million dinars ($ 23.4 million) in the second quarter of 2019, up 10% over the same period last year from 6.42 million dinars ($ 21.2 million).)
According to a statement released Monday by Mubasher, earnings per share in the second quarter of this year rose 11% to 4.88, 4.40 Yards per share during the same period of 2018.
The company achieved a net profit of 13.58 million dinars ($ 45 million) in the first half of this year, up 13% from a profit of 12.06 million dinars ($ 40 million) for the same period last year..
Earnings per share increased by 19% in the first half of this year to 7 per share compared to 5.9 per share in the first half of the previous year..
The total badets raised during the first half of the current year amounted to KD 10 billion, compared to KD 10.4 billion at the end of 2018..
Faisal Al Ayyar, vice chairman of the board of directors, said: "Our results for the first quarter of the year showed the positive performance of our companies and the growth that continues to be recorded. quarter"He said.
"We remain cautious, but we expect this positive growth to continue for the rest of the year, thanks to the strong performance of our large companies despite the difficult environment in which we operate."He said.
KIPCO's profit rose 15 percent in the first quarter to 6.5 million dinars ($ 21.4 million), compared to a profit of 5.6 million dinars ($ 18.5 million) for the same period. period of the previous fiscal year..
The company ended the trading session, down 0.44% to 224 sons, with a draw of 1.38 million shares worth 309.36 thousand dinars.
(Edit – Mohamed Farouk)
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