VOL. XXXVIII
NO. 26
27-MARCH-1995
OAPEC
ASRY Posts Operating Profit Of $7Mn In 1994
The OAPEC-sponsored Bahrain-based Arab Shipbuilding and Repair Yard (ASRY)has reported for 1994 its highest revenue since the yard was established in 1977 a total of $66.5mn, or an 18% increase over revenue in the previous year.According to the latest issue of ASRY News, the company's 1994 operating profitwas $7mn, while its net profit amounted to $150,000 after the deduction ofdepreciation, interest and loan...
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