VOL. XLVI

No 32

11-August-2003

KUWAIT

ENERGY FINANCE

KPC Forecasts 1.2% Increase In Profits To $1.76Bn

The Kuwait Petroleum Corporation (KPC) has forecast a profit for fiscal year 2003-04 of KD525.1mn ($1.76bn at $1=KD0.299), a rise of just over 1% compared to the estimated profit of KD519.1mn ($1.74bn) for fiscal year 2002-03. According to figures published in the Kuwaiti official gazette Kuwait al-Yaum of 20 July 2003, KPC expects to see revenues rise by just under 2% to KD4,435mn ($14.8bn),...