VOL. XLI
No. 08
23-February-1998
OAPEC
ASRY Announces Net Profit Of $4.6Mn In 1997
The Bahrain-based OAPEC-sponsored Arab Shipbuilding and Repair Yard (ASRY) registered arecord net profit for 1997 of $4.6mn, a 35% increase over the 1996 profit of $3.4mn,according to an official statement released on 11 February. The company's 1997 operatingprofit fell slightly to $9.6mn from the previous year's $9.7mn, and gross sales amountedto $85.7mn in 1997 compared to $89.5mn in 1996 (MEES, 10 February...
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