Apicorp Profits Fall by 62% to $16mn in 1987
The net profits of the OAPEC-sponsored Arab Petroleum Investment Company(Apicorp) fell by 62% in 1987 to $16mn from $42mn in 1986, according to a pressrelease on the corporation's activities in 1987 published on 27 March. At theend of 1987, Apicorp's assets amounted to $1,019mn, a fall of about 5% from theassets' value of $1,070mn in 1986, and the shareholders' funds, prior to theappropriation of profits, amounted to...
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