Kuwait's Independent Petroleum Group (IPG), which deals with crude oil and oil products, has said its net profits for the six months of 2010 dropped to KD2.2m ($7.6m) from KD2.6m ($9m) in the same period of 2009, Kuna has reported. Second quarter net income stood at KD634,700 ($2.2m), while total assets amounted to KD303.7m ($1.058bn), IPG said.
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