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Published Date : 02 Feb 2014
Qurain Petrochemical Industries Company posts solid profits of KD 9 mn

Kuwait City, 2 February, 2014: Qurain Petrochemical Industries Company KSC (QPIC) announced today its financial results for the nine month period ended 31st December, 2013. The company posted net profit of KD 9 million (US$32 million), compared to KD 4 million (US$13 million) during the same period last year, reflecting an increase of 143% or KD 5 million (US$19 million). Earnings per share (EPS) for the quarter stood at 8.41 fils (US$2.9 cents) compared to 3.36 fils (US$1.2 cents) per share for the same period last year.