VOL. XXXIX

No. 50

9-September-1996

BAHRAIN

Intoil Group Reports Net Earnings Of $3.29Mn In 1995

The Bahrain-based offshore private shareholding corporation Intoil E.C. has reported net earnings, after depreciation of $3.29mn in 1995, some 160% higher than in the previous year. Intoil's US subsidiary Intoil Inc. - which holds and operates the company's properties in the US - reported an operating profit of $6.5mn for 1995, a 49% increase over the previous year. The US firm also...