Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD5.03 million ($16.6 million) for the nine months (9M) period ending December 31, 2021, compared to KD7.61 million for the same period last year.
Kuwait’s Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD3.35 million ($11.09 million) for the first half of 2021-22 ended September 30, 2021, compared to KD6.58 million for the same period last year.
Kuwait’s Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD3.35 million ($11.09 million) for the first half of 2021-22 ended September 30, 2021, compared to KD6.58 million for the same period last year.
Kuwait’s Qurain Petrochemical Industries Company (QPIC) has posted a net profit of KD3.35 million ($11.09 million) for the first half of 2021-22 ended September 30, 2021, compared to KD6.58 million for the same period last year.
QPIC announces a net profit of $47.89m
KUWAIT CITY, 5 days ago Qurain Petrochemical Industries Company (QPIC) announced its financial results for the year ended March 31, 2021 with a net income of KD14.50 million ($47.89 million), compared to KD28.23 million last year. Total consolidated sale revenues marginally increased to reach KD231.40 million from KD229.11 million reported for the previous year owing to the improved performance from subsidiaries. Total consolidated assets stood at KD759.39 million as at March 31 2021, compared to KD779.42 million at March 31, 2020, showing a slight decrease mainly due to the dividend payout. QPIC’s Board of Directors (BoD) recommended the distribution of a cash dividend of 16 per cent (16 fils per share), subject to approval by the Company’s General Assembly and the regulatory authorities.