VOL. XLII
No. 28
12-July-1999
KUWAIT
KUFPECs 1998 Net Profit Falls 16% To $51.6Mn
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) a wholly-owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) in 1998 registered a net profit after taxation of KD15mn ($51.6mn at anexchange rate of $1=KD0.30 as used in the report), down by 16.2% from KD17.9mn($59.7mn) in 1997. The companys total revenues in 1998 amounted to KD51.3mn($171mn) compared to KD55.2mn ($184mn) in the previous...
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!