VOL. XXXVIII

NO. 01

3-OCTOBER-1994

Kuwait

KPC Announces Net Profits of $1,379Mn in 1993-94

The Kuwait Petroleum Corporation (KPC) announced on 29 September that itsrevenues and net profits prior to distribution for the year ending 30 June 1994had increased by 3.8% over the previous year. The KPC announcement stated thatrevenues amounted to KD4,647,256,000 ($15,610mn), as com- pared toKD4,479,259,000 ($15,046mn) in 1992-93. KPC's net profits increased toKD410,508,000 ($1,379mn) in 1993-94 as...