VOL. XXXI

NO. 27

11-APRIL-1988

KPC BOOSTS PROFITS BY 30% IN 1986-87

(The following are some of the highlights from the Kuwait PetroleumCorporation's Annual Report for the fiscal year 1986-87 (1 July 1986-30 June1987), the Arabic version of which has just been published.)

Introduction

KPC's net profits for fiscal 1986-87 rose by 30.6% to KD70.5mn($249.6mn at the end of June 1987 exchange rate of 1KD = $3.5403) from KD54mn($191.2mn) in 1985-86. In a foreword to the report, KPC's Chairman of the...