VOL. XLI

No. 24

15-June-1998

BAHRAIN

Intoil Group Reports Net Profit Of $3.6Mn In 1997

The Bahrain-based oil and gas company Intoil E.C. has reported a net profit, afterprovision, of $3.6mn for the year 1997, a decrease of 10% compared to the 1996 net profitof $4mn (MEES, 27 April 1997). Intoil's net profit before provision was reported tohave reached $4.3mn. In a statement announcing the company's results, Dr. Hassan Fakhro,Intoil's Chairman and Chief Executive Officer, said that the fall in...