VOL. XLV

No 37

16-September-2002

ENERGY FINANCE

Apicorp Posts $42.8MnNet Profit For 2001

TheArab Petroleum Investments Corporation (Apicorp) hasannounced a net profit for 2001 of $42.8mn, up 5.9% on last years figure of$40.4mn but still slightly below the level achieved in 1997. Total assets wereup marginally by 1.4% to $1,586mn and shareholder equity remained more or lessconstant at $665.8mn. According to Chairman 'Abd Allahal-Zaid, these positive result were achieved despitea significant fall...