Today, at its annual Investors Forum, KIPCO - the Kuwait Projects Company – said it expected its core companies to achieve double-digit revenue increases in 2013. The announcement was made at the company’s annual Shafafiyah (transparency) Investors Forum where KIPCO presented a review of 2012 and guidance for 2013 to an audience of shareholders, financial analysts and institutional investors.
The Investors Forum followed the company’s General Assembly meeting where KIPCO shareholders approved a cash dividend of 20 per cent (20 fils per share) and a stock dividend of 5 percent. As part of its review of the last 12 months, KIPCO said 2012 was its twenty-first consecutive year of profitability and that it had met its 2012 objectives by continuing its regional expansion, repaying debt and reducing costs.
Read more: http://news.kuwaittimes.net/2013/04/01/kipco-witnesses-double-digit-growth-in-2013/
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