Middle East Economic Survey
VOL. XLVIII
No 49
5-December-2005
KUWAIT
KPC Projects 44% Profit Increase In 2005-06
Kuwait Petroleum Corporation (KPC) is projecting a 44% increase in net profit to KD576.6mn ($1,974.7mn) in fiscal year 2005-06 (which began on 1 April) from KD400mn ($1,369.9mn) in 2004-05, according to the corporations budget which was published in the Kuwait official gazette Kuwait al-Yawm of 2 October. Revenue is projected at KD5,924.5mn ($20,289mn) and expenditure at KD5,347.9mn...
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