KIPCO reports flat Q1 net profit versus year earlier

KUWAIT: Kuwait Projects Co (KIPCO), the country's largest investment company by assets, reported flat first-quarter net profit on Tuesday, a bourse filing said.

Net profit in the three months to the end of March was 8.57 million dinars ($30.1 million), compared with 8.48 million dinars in the same period last year.

Shares in KIPCO, a major regional investment house with stakes in media, industrial, financial and real estate companies, closed at 430 fils on Tuesday. There are 1,000 fils to the dinar.