VOL. XXX

NO. 23

16-MARCH-1987

KUWAIT

PIC Registers Net Loss of $37mn in 1985-86

The Kuwait Petrochemical Industries Company (PIC), a wholly-owned subsidiaryof the state-owned Kuwait Petroleum Corporation (KPC), registered a net loss ofKD10,845,271 ($37mn at the end-June 1986 exchange rate of KD1 = $3.414) in thefiscal year 1985-86 (1 July 1985-30 June 1986), com- pared to a net profit ofKD3,967,367 ($13.5mn) in 1984-85, according to the company's Annual Report,which has just been released. PIC's...