PIC Realizes Net Profit of $14mn in 1984-85 

The Kuwait Petrochemical Industries Company (PIC), a wholly-owned subsidiary of the state-owned Kuwait Petroleum Corportion (KPC) realized a net profit of KD3,967,367 ($14mn at the current rate of exchange of 1KD=$3.55) in fiscal year 1984-85 (1 July 1984-30 June 1985), compared to a net loss of KD9,621,426 ($34.2mn) in 1983-84, according to the company's Annual Report which has just been released.

PIC operates plants in Shuaiba...