VOL. XLVI

No 19

12-May-2003

ENERGY FINANCE

Apicorp Posts $29.8Mn Profit In 2002, Down 30% On Previous Year

Apicorp posted a profit of $29.8mn in 2002, which was down 30.4% from the previous years level of $42.8mn, the company announced following its shareholders general assembly and board of directors meeting on 3 May. Total assets climbed to $1,872mn compared to $1,584mn in 2001, and a dividend of $20mn was recommended. In order to strengthen Apicorps capital base and financial adequacy, the...