VOL. XLVI
No 51/52
22/29-December-2003
ENERGY FINANCE
KOTC Reports $28.8Mn Loss; Recoups $92Mn In Embezzled Funds
The Kuwait Oil Tanker Companys (KOTC) latest audited financial statements show that it reported a loss of KD8.5mn ($28.8mn) for the year ending 31 March 2003, compared to a profit of KD27.3mn ($92.5mn) in the previous year. The loss resulted from a slip in revenue from KOTCs fleet operations to KD42.1mn ($142.7mn) versus KD76.3mn ($258.7mn) in the previous year. General and...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!