KPC Registers Net Profit of $721mn in Fiscal 1984-85 

The state-owned Kuwait Petroleum Corporation (KPC) realized a net profit of KD209.1mn ($721mn at the current rate of exchange of 1KD = $3.45) in fiscal year 1984-85 (ending on 30 June 1985) according to the company's closed accounts report which has been submitted to the Kuwait National Assembly (parliament) for discussion and approval.

The corporation's 1984-85 net profits are down by 25.4% from the KD280.3mn...