Advertisement
| 12 September, 2018

BRIEF: Saudi's APICORP H1 Profit Rises

THE ARAB PETROLEUM INVESTMENTS CORPORATION:

* H1 NET PROFIT $150.3 MILLION VERSUS $41.8 MILLION YEAR AGO

* H1 TOTAL INCOME $169.9 MILLION VERSUS $60 MILLION YEAR AGO

* SAYS KEY DRIVERS OF H1 PERFORMANCE WERE 40 PERCENT INCREASE IN NET INTEREST INCOME TO $45.9 MILLION, DIVIDEND INCOME OF $33.4 MILLION AND REALISED GAIN FROM SALE OF 29 PERCENT EQUITY INVESTMENT IN NATIONAL PETROLEUM SERVICES

Advertisement

Source: (https://bit.ly/2N3vZ3L)

((Reuters.Briefs@thomsonreuters.com;))