VOL. XXXIX

No. 36

6-June-1996

UAE

Emarat's Net Profits Fall In 1995

The Emirates General Petroleum Corporation (Emarat), which markets petroleum products in the UAE northern emirates, has reported a drop in net profits to Dh384.5mn ($104.8mn) in 1995 from Dh482.9mn ($131.6mn) in 1994. Profitability in 1994-95 was much higher than in the past 10 years which saw average annual profits of around Dh100mn ($27.2mn). The value of total sales of gasoline, kerosene and other products also...