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UIC Shafafiyah (Transparency) Investor’s Forum 2011

UIC’s 2011 Shafafiyah (Transparency) presentation was released on March 9th, 2011. It has a review of last year and financial guidance for this year to shareholders, partners, financial analysts and institutional investors.

Click here to download an English copy of UIC 2011 Investor presentation.

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      United Industries Company Posts KD 6.6 Million Net Profit In First Nine Months Of 2013

Increase of 131% over same period last year
Kuwait City, November 7, 2013 - United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, posted KD 6,587,838 in net profit for the first nine months of 2013. This represents an increase of 131% over the same period in 2012, where the company reported net profit of KD 2,852,471.

Earnings per share stood at 14.69 fils compared to 5.97 fils for same period in 2012. 
UIC’s total assets came to KD 227.9 million, showing an increase of 5.3%. This is attributed to the increase in value of investments.
The share of income from associates (QPIC) went up 76% and came to KD 4.93 million compared to KD 2.80 million during the corresponding period in 2012. This is due to the achievement of better results by QPIC investments.  
The share of income from subsidiaries (SADAFCO) went up 10% and came to KD 3.90 million compared to KD 3.55 million during corresponding period in 2012. This is mainly attributed to SADAFCO’s improved sales and operational profit during the period.
Commenting on the results, UIC’s Chairman, Sheikh Khalifa Abdullah Al Jaber Al Sabah said that the Board of Directors approved the financial results for the first nine months of 2013. He further noted that the management is keen on realizing the aspirations of the shareholders.
 
 
He added:
“I would like to express my appreciation and gratitude to our valued shareholders for their trust and support. We hope to continue to prosper and succeed with our future plans.”
 
 
Notes to editors:
 
About UIC: 
United Industries Company (UIC) is a member of KIPCO Group and considered as the Group’s investment arm in the industrial sector. UIC is a closed shareholding company, established in 1979. UIC was listed on Kuwait Stock Exchange in 1997. The Company invests its resources in the downstream industries sector in Kuwait and GCC countries. Authorized and paid-up capital of UIC currently stands at KD 49,546,875 (US Dollar 175,077,297). The core investments of the Company are concentrated in: 
 
- Saudi Dairy and Foodstuff Company (SADAFCO)
- Qurain Petrochemical Industries Company
 
For more information: 
 
Please visit: www.uickw.com 
 
Or contact: 
 
Mr. Nabil F. Fayed
Administrative Affairs Manager
Phone: +965 22943236 Ext. 2041
Email: Nabil@uickw.com
 
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