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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 5.42 Million Net Profit In Second Quarter

 Increase of 1.8%(KD 0.095M) over same period last year

 

Kuwait City, July 23, 2014 - United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, posted KD 5,415,235 in net profit for the second quarter of 2014. This represents an increase of 1.8% over the same period in 2013, where the company reported net profit of KD 5,320,053.

Earnings per share stood at 12.14 fils compared to 11.83 fils for same period in 2013.

The total asset on 30, June 2014 is KD 216 million, increased by 27% (KD 45.8m) compared to KD 170.2 million on 31st Dec.13, mainly due to acquisition of ATC in April 2014.

Share of income from QPIC increased by 47% (KD 1.89 m) due to recent stake increase by 10.8% and due to better dividend from Equate.

 

Total expense decreased during the period by 38% (KD 0.93m) the period KD 1.5m Vs. KD 2.43m in 2013 mainly due to decrease in finance cost.

 

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 second 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 175,511,424). The core investments of the Company are concentrated in:

 

-          Qurain Petrochemical Industries Company

-          Saudi Dairy and Foodstuff Company (SADAFCO)

 

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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