VOL. XLIII
No. 22
29-May-2000
KUWAIT
Kuwaits IPG Posts Net Profit Of $9.9Mn In 1999
The Independent Petroleum Group (IPG), a private Kuwait oil company, has announced a net profit for 1999 of KD3.008mn ($9.88mn at the 1999 average exchange rate of 1KD=$3.285) compared to KD1.677mn ($5.5mn) in 1998, or an increase of 79%, according to the audited financial statements, which have just been released. The 1998 profit shown in the 1999 statement has been revised from the previous figure given at the...
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