KIPCO earnings grow 12% Y-o-Y in 4Q2015; FY2015 earnings up 15%
Kuwait Investment Projects Company (KPRO.KW) 4Q2015 earnings increased 12% Y-o-Y to KWD15 million (USD53 million). Meanwhile, the company’s FY2015 earnings rose 15% to reach KWD54 million (USD175) while top line grew a tamer 4% in FY2015. KIPCO reiterated its target to double 2014 profits by 2018. The company’s BoD will recommend a cash dividend of KWD0.025/share, subject to approval of the company’s shareholders in the upcoming AGM. ( Company Disclosure)
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