KUWAIT, 31 March 2004 — Leading Middle East holding firm Kuwait Projects Co. (KIPCO) gave a rosy financial forecast for 2004 and beyond yesterday, saying net profits this year will grow 39 percent thanks to strong performances by its core holdings. Faisal Al-Ayyar, KIPCO group managing director and chief executive, told an investor forum net income will rise to 25 million dinars ($85 million) from 18 million in 2003 and total revenue to 40 million dinars from 36 million.