FINANCIAL NEWS

GPIC net profits hit USD138m

27 Mar 2011

(MENAFN) Gulf Petrochemicals Industries Company (GPIC) chairman Shaikh Isa bin Ali Al Khalifa stated that the company’s net profit stood at USD138 million in 2010, thus registering a USD33 million increase compared to a year before, reported Gulf Daily News.

Shaikh Isa also announced that a total of USD138 million of profits would be given to shareholders in Bahrain, Saudi Arabia and Kuwait.

Shaikh Isa also said that the company developed a strategic plan for furtuuher expansion through new projects over the course of the coming ten years.

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