VOL. XLI
No. 39
28-September-1998
KUFPEC Registers Record Net Profit Of $57.4Mn In 1997
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) awholly-owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) registered in 1997 a record net profit of KD17.9mn ($57.4mn), after taxation, derived fromtotal revenues of KD55.2mn ($182.2mn) compared with KD14.4mn ($46.2mn) and KD48.7mn($156.3mn) respectively in the previous year. According to the companys AnnualReport for 1997, the...
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