Kuwait-Mubasher: Kuwait Projects Company (KIPCO) registered a 13% growth in net profits of the first quarter in 2016 as compared to Q1-15, the company said in an issued statement.
KIPCO’ earnings reached KWD 13.5 million ($44.7 million) in Q1-16, compared to KWD 12 million ($40 million) in Q1-15.
Earnings per share rose 18% to 7.45 fils in the first quarter of 2016, from 6.31 fils in Q1-15.
On KSE’s level, the stock ended Tuesday’s session at 550 fils, after around 851,300 shares were traded with a value worth around KWD 460,320.
