Kuwait-based Independent Petroleum Group (IPG) achieved profits worth KD 3.62 million at the end of the third quarter of 2014 in comparison to KD 4.35 million a year prior.
Its earnings per share also witnessed a slide, registering 25fils per share in the nine months of 2014 ending in September, after reaching 30.1 fils during the corresponding period in 2013.
Total shareholders’ equity amounted to KD 83.7 million compared to KD 80.2 million, while assets recorded KD 316.3 million vs liabilities worth KD 232.5 million, in comparison with liabilities worth KD 293.4 million a year ago.
IPG’s worldwide operations focus on the trading and marketing of crude oil, petroleum products, LPG, petrochemicals and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines and shipping.
Formed in 1976, it began listing on the Kuwait Stock Exchange in 1995, with a capital of KD 15.2 million.
Source : KUNA Kuwait News agency
