Kuwait’s Boubyan posts 43% dive in Q3 profits

10 March 2008 12:48  [Source: ICIS news]

DUBAI (ICIS news)--Kuwaiti petrochemicals company Boubyan’s third-quarter net profits fell 43% year on year to Kuwaiti dinars (KD) 8.5m ($31.3m), the company said on Monday.

  

The company did not comment on the reasons for the fall.

 

Meanwhile, for the nine months ended 31 January, the company’s net profits more than tripled to KD38.5m, compared with KD12.22m year on year, it added.

 

The company's primary investments to date are in Equate Petrochemical Company and its two wholly owned subsidiaries Boubyan Plastic Industries Company WLL and National Waste Management Company (KSCC).

 

($1 = KD0.27) 

By: Abdelghani Henni
65 6780 4359

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