KNPC Registers Net Profit of $207mn in 1984-85

The Kuwait National Petroleum Company (KNPC), a wholly-owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC), registered in the fiscal year 1984-85 (1 July 1984-30 June 1985) a net profit of KD 61.1mn ($206.7mn at the current exchange rate of 1KD = $3.38) as compared to KD41.8mn ($141.4mn) in the previous year, according to the company's Annual Report which has just been released.

The company's total sales in...