PIC Registers Net Loss of $32mn in FY 1983-84 

The Kuwait Petrochemical Industries Company (PIC), a wholly-owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC), has registered a net loss of KD9,621,426 ($32mn at the current rate of exchange of 1KD = $3.33) in the fiscal year 1983-84 (1 July 1983-30 June 1984), according to PIC's Annual Report. In 1982-83 PIC's net loss amounted to KD3,130,393mn ($10.4mn).

PIC operates plants in Shuaiba for the...