VOL. XXXIII

NO. 23

12-MARCH-1990

OAPEC

ASRY Announces Net Profit for 1989

The Chairman of the Board of Directors of the Bahrain-based Arab Shipbuildingand Repair Yard (ASRY), Shaikh Du'aij ibn Khalid Al Khalifah, has announced anet profit for the OAPEC-sponsored company of $4.2mn in 1989. This is the firstyear since the establishment of the company in 1977 that its financial resultshave been released. According the Chairman's statement, ASRY achieved its mostsuccessful year in 1989 with revenue,...