KINV
KINV
KINV
Kuwait Investment -KINV disclosed its interim financial statements for the nine months period ended September 30, 2014.
The statements reflected KWD6.56 million ($22.6 million) net profit compared to KWD8.60 million ($29.6 million),with decline by 23.7%.
Meanwhile, the company achieved KWD1.34 million net profit for the third quarter of 2014 against KWD1.83 million for the corresponding period of previous year, down by 27.10%.
The company noted that the slowdown of dividends yields from its project "Kuwait gate" was the reason behind the decline of its earning in 2014.
KINV operates within the diversified financial sector focusing on diversified capital markets. It has 27 subsidiaries operating across Middle East, North America, the Carribian and Northern Africa. KINV is based in Kuwait City, Kuwait and was established in November 1961.
The statements reflected KWD6.56 million ($22.6 million) net profit compared to KWD8.60 million ($29.6 million),with decline by 23.7%.
Meanwhile, the company achieved KWD1.34 million net profit for the third quarter of 2014 against KWD1.83 million for the corresponding period of previous year, down by 27.10%.
The company noted that the slowdown of dividends yields from its project "Kuwait gate" was the reason behind the decline of its earning in 2014.
KINV operates within the diversified financial sector focusing on diversified capital markets. It has 27 subsidiaries operating across Middle East, North America, the Carribian and Northern Africa. KINV is based in Kuwait City, Kuwait and was established in November 1961.
Source:
Mubasher
