VOL. XXXVII

NO. 32

9-MAY-1994

Bahrain/UAE

Intoil Group Reports Net Profit Of $2.89mn For 1993

The Bahrain-based offshore private shareholding company Inter-oil E.C. hasreported a net profit of $2.89mn for 1993, an increase of 7% over the 1992 netprofit of $2.7mn. According to the company's recently released Annual Reportand consolidated financial statements, operating profit before interest paymentsto shareholders and tax amounted to $3.485mn in 1993, as compared with $2.699mnin 1992. Net...