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KIPCO expects 21st year of profitability

By BFN News | 01:33 PM | Tuesday 10 April, 2012

Kuwait Projects Co expects to maintain its strong financial position and deliver its 21st consecutive year of profitability in 2012. The announcement was made at the company's annual Shafafiyah (transparency) investors' forum where KIPCO presented a review of 2011 and guidance for 2012 to an audience of shareholders, financial analysts and institutional investors. The forum followed the company's general assembly meeting where KIPCO shareholders approved a proposed dividend of 20% and a stock dividend of 5%. Story provided by