VOL. XXXII
NO. 37
19-JUNE-1989
BAHRAIN
Banagas's Gross Profit Falls by 4.7% to $5.9mn in 1988
In 1988 the Bahrain National Gas Company (Banagas) registered a gross profitof $5.9mn before taxation and dividend distribution, a reduction of 4.7% fromthe previous year, according to the company's Annual Report for 1988. Despitethe continuing downward trend in LPG prices in international markets, especiallyduring the second half of the year, Banagas's operating results weresatisfactory and its sales...
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