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Privatization’s FY17 financials likely to turn profitable

Privatization’s FY17 financials likely to turn profitable
Privatization Holding is forecast to distribute 5% of capital as cash dividends
KPPC
KPPC
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By: Mohamad Farouk

Mubasher: Privatization Holding is expected to achieve KWD 3 million profits in the fiscal year 2017 against losses worth KWD 2.45 million registered in the previous year, capital market analyst Ahmad Jassim Al Qamr told Mubasher.

The Boursa Kuwait-listed company is forecast to distribute 5% of capital as cash dividends.