KPC's Net Profits Decline by 9% in 1983-84
The state-owned Kuwait Petroleum Corporation (KPC) realized in fiscal 1983-84 (1 July 1983-30 June 1984) a net profit of KD280.3mn ($925mn at the current rate of exchange of 1KD = $3.30), down 8.8% from the 1982-83 net profits of KD307.3mn ($1,014mn), according to KPC's Annual Report for 1983-84 which has just been published (for a detailed summary of the report, see pages D1-D6). However, the corporation's total assets in...
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