KCIC's net expands in H1 2013

18/08/2013 07:42 AST

KCIC, which specializes in investments in domestic demand-driven sectors in Asia, registered a net profit of KD940,250 for the second quarter of 2013, bringing the company's earnings for the first half of 2013 to KD1.12 million. KCIC registered in Q2 earnings per share of 1.32 fils and a return on equity of 1.04 percent.

Total revenues for the second quarter reached KD3.23 million, which resulted in total revenues of KD4.52 million for the first half of the year, a 5.85 percent increase in comparison to the first half of last year when the company reported revenues of KD4.27 million. KCIC Vice Chairman and CEO Ahmad Abdlatif Al-Hamad said "although the first half of the year witnessed increasing volatility and high uncertainty in global economies and in turn global markets, KCIC remains committed to maintain its focus on high quality investment opportunities in robust businesses across the region. As a testament to this, we managed to complete a funding round for one of our flagship investments during one of the most difficult fund-raising periods. We remain optimistic that Asia will continue to evolve towards establishing its internal markets which will transform their economies to a more sustainable growth model."

Listed on the Kuwait Stock Exchange, KCIC invests in domestic demand-driven sectors in Asia, namely energy, real estate, healthcare, infrastructure, and financial services.


Saudi Gazette

News

KCIC reports KWD 1.03 million in profit for 2013

11/03/2014

KCIC, which specializes in investments in domestic demand-driven sectors in Asia, has announced a net profit of KWD 1.03 million for the year 2013, with an earnings per share of 1.30 fils and a retur

CPI Financial

KCIC reports KWD 1.12 million in profit for H1 2013

16/08/2013

KCIC, which specialises in investments in domestic demand-driven sectors in Asia, today announced a net profit of KWD 940,250 for the second quarter of 2013, bringing the company's earnings for the f

CPI Financial

2011 marked by volatile markets, political instability

26/05/2012

The KCIC (Kuwait China Investment Company) an investment firm specializing in investments in Asia, held on Thursday its Annual General Meeting of shareholders at the company's headquarters in Kuwait

Arab Times

Most Viewed Companies

Ticker Price Volume

Valuation

ASIYA Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Top Related Companies

Ticker Price Change
KINGDOM 7.87 0.13 (1.67%)
TADAWULGROUP 165.70 1.70 (1.03%)
BOURSA 3,810.00 18.00 (0.47%)
NIND 291.00 2.00 (0.69%)
GFH.KW 182.00 1.00 (0.55%)

Recent News

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

Saudi Maaden reports 156% profit surge to $2bn on strong commodity prices, record production

06/03/2026

Saudi mining and metals company Maaden has reported a 156 percent jump in its net profit attributable to shareholders for 2025, driven by higher commodity prices, record production volumes, and a one

Arab News

Oman Oil Marketing Company reports minor damage following storage tank attack

05/03/2026

The Oman Oil Marketing Company (OOMCO) has formally announced that one of its fuel storage tanks on March 3 the subject of an incident. In a statement released on March 4, the company confirmed that

Muscat Daily

UAE telecom firm du says its network is operating normally

05/03/2026

Emirates Integrated Telecommunications Company (du) on Wednesday assured its operational readiness and confirmed its infrastructure and core systems were operating normally.

Providing a busi

Khaleej Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap