Kuwait's Independent Petroleum Group expects Q3 profit of KD 1.152 billion
KUWAIT CITY: Kuwait Stock Exchange (KSE) announces that Indepen-dent Petroleum Group has completed the preliminary financial results of the company for the periods that ended on Sept 30, 2007. Accordingly, it is expected that the profit in the three months that ended on Sept 30, 2007 amounted to KD 1,152 million. This is equivalent to about 7.61 fils per share. Its profits for a nine-month period ending on Sept 30, 2007 amounts to KD 4,579 million, which is equivalent to about 30.25 Kuwaiti fils per share. Note that the expected profits for the nine months ending on Sept 30, 2007 include unrealized profits of KD 2,781 million. The company will announce the financial results within the next two weeks after their auditors audit the statements.
IPG's history dates back to the mid-80's and since its inception, the company has grown remarkably and proved its presence and market status in the educational services sector. One of the key milestones achieved in this direction was its listing on Kuwait Stock Exchange (KSE). IPG owns five schools in Kuwait, offering general education (K-12) based on Arabic, US, UK and bilingual systems. IPG is the market leader in terms of total number of students enrolled in western education schools. The company has also managed to add real value to the education market in Kuwait by providing high quality international education without compromising on the moral values of the society.
© Arab Times 2007
