VOL. XXXII
NO. 35
5-JUNE-1989
KPC BOOSTS PROFITS BY 71% IN 1987-88
The Kuwait Petroleum Corporation's net profits for 1987-88 rose by 71.35% toKD120.7mn ($404mn at the 1988 year-end exchange rate of KD1=$3.3527) fromKD70.5mn ($236.4mn) in 1986-87, according to the latest KPC Annual Report. TheReport, which covers the fiscal year 1987-88 (1 July 1987-30 June 1988) wasrecently released in Arabic, and the following are MEES translations of some ofthe highlights. It should be noted that, as in the...
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