VOL. XXXII

NO. 47

28-AUGUST-1989

KUWAIT

KNPC's Net Income Rises by 21% to $268.5mn in 1987-88

The Kuwait National Petroleum Company (KNPC) - a wholly-owned subsidiary ofthe state-owned Kuwait Petroleum Corporation (KPC) - increased its net incomeby 21% to KD75,585,465 ($268.5mn at the end of June exchange rate ofKD1=$3.5524) on its refining and product marketing operations in the fiscalyear 1987-88 (1 July 1987 -30 June 1988) as compared to KD62,462,824 ($178.8mn)in the previous year (MEES, 11...