KOTC'S Profits Rise by 150% to $55mn in FY1988-89
The Kuwait Oil Tankers Company (KOTC) - a subsidiary of the the state-ownedKuwait Petroleum Corporation (KPC) - has registered a profit of $55mn for thefiscal year 1988-89 (30 June 1989), showing a 150% increase over profits of$22mn for FY1987-88, according to a statement by KOTC's Board Chairman, Mr. 'Abdal-Fattah al-Badr. Mr. al-Badr attributed this increase in the profits of KOTCto the Iraq-Iran...
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