VOL. XLVI

No 31

04-August-2003

KUWAIT

Kuwait Petroleum Italy Records 29.44 Profit In FY 2002-03

Kuwait Petroleum Italy, a subsidiary of Kuwait Petroleum International (KPI), the international downstream subsidiary of the Kuwait Petroleum Corporation (KPC), recorded a pre-tax net profit of 29.44mn in FY 2002-03, the firms annual report has announced. Gross profits for the year totaled 56.67mn, an increase of around 38.37mn on the previous year. A company spokesman said the improvement in the...