Tuesday, 23 January 2018 01:53 GMT

Kuwait's UIC profit up1.8 percent in Q2

(MENAFN) United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, said that its net profit was estimated at USD19.13 million in the second quarter of 2014, according to KUNA.

UIC said: "This represents an increase of 1.8 percent over the same period in 2013, where the company reported net profit of USD18,794,8."

The total asset on June 30, 2014 is USD763.08 million, which is 27 percent higher compared to USD601.28 million on December 31, 2013, mainly due to acquisition of ATC in April 2014.

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