VOL. XXXIII
NO. 23
12-MARCH-1990
Kuwait
KNPC's Net Profits Rise by 10% to $290mn in FY 1988/89
The Kuwait National Petroleum Company (KNPC) - a subsidiary of thestate-owned Kuwait Petroleum Corporation (KPC) - registered net profits ofKD83.2mn ($290.4mn at the average rate of exchange for 1 July 1988-30 June 1989of KD1.000=$3.4898), representing a 10.1% increase over the previous year'sprofits of KD75.59mn ($263.8mn), according to a statement by KNPC's Financial Manager, Mr. 'Abd al-Majid...
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