IPG announces net profits drop

03 August 2010

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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