OAPEC

Apicorp Registers $41mn Net Profit in 1985

 The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) registered a net profit of $41mn in 1985 compared to $53.2mn in 1984, a drop of 23% (MEES, 25 March 1985). At the end of 1985 the Corporation's total assets amounted to $874mn, an increase of 7.1% over 1984, while the shareholders' funds increased by 3.6% to $589mn, representing 67% of total assets and making Apicorp one of the best capitalized Arab financial...