VOL. XLVI

No 20

19-May-2003

ENERGY FINANCE

KPC Profits Down 41% To $1.74Bn In 2001-02

The Kuwait Petroleum Corporation (KPC) and its subsidiaries have made a net profit for the year ending 31 March 2002 of KD531.8mn ($1.78bn) compared to the profit in the nine months ending 31 March 2001 of KD905.5mn ($3.03bn MEES, 8 July 2002), according to the companys annual report. Trade and operating profits amounted to KD270.2mn ($903.5mn) compared to KD311.6mn ($1.04bn) for the previous nine-month...