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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 5.15 Million Net Profit In First Quarter 2014

Increase of 43% over same period last year
Kuwait City, April 30, 2014 -United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, posted KD 5,156,975 in net profit for the first quarter of 2014. This represents an increase of 43% over the same period in 2013, where the company reported net profit of KD 3,618,769.

Earnings per share stood at 11.56 fils compared to 8.00 fils for same period in 2013.

UIC’s total assets came to KD 174.5 million, showing an increase of 2.6%. This is attributed to the increase in value of investments.

The share of income from associates (QPIC) went up 68% and came to KD 5.66 million compared to KD 3.37 million during the corresponding period in 2013. This is due to the achievement of better results by QPIC investments and recent stake increase in QPIC.  

Commenting on the results, UIC’s Chairman, Sheikh Khalifa Abdullah Al Jaber Al Sabah said that the Board of Directors approved the financial report for the first quarter of 2014. He noted that the achieved profits represented a good start to the year and would contribute to realizing the aspirations of the shareholders.

He added:

“I would like to express my heartfelt 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 176,104,052). 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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