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MENAFN - 05/11/2012

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(MENAFN) Kuwait Projects Company (Kipco) reported a 7 percent decline in quarterly profit, Reuters reported.

The country's largest investment company by assets earned USD23.4 million net profit during the third quarter, down from USD25.15 million a year earlier.

Kipco also reported a 0.4 percent increase in profits during the first three quarters of 2012 to USD84.3 million from USD83.6 million a year earlier.

Founded in 1975, the group has significant ownership interests in a portfolio of over 70 companies operating across 26 countries.

 






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