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...
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