VOL. XXXII

NO. 30

1-MAY-1989

KUWAIT

KPC Realizes Net Profits of $404mn in 1987-88

In the 1987-88 fiscal year (1 June 1987-31 July 1988) the state-owned KuwaitPetroleum Corporation (KPC) realized a net profit of KD120,745mn ($403.9mn atthe 1988 end-year exchange rate of 1KD=$3.3527), according to the corporation'sclosing accounts, which were approved and ratified by Decree Law No. 17 of 1989published in the 16 April issue of the Official Gazette. KPC's profits in the1987-88 budget figures (MEES, 10...