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FINANCIAL NEWS
Profits of UAE’s Ipic grows 6.7 percent in 6 months
06 Dec 2013
(MENAFN) Profits of Abu Dhabi-based International Petroleum Investment Company (Ipic) grew 6.7 percent in the current year’s first half as a result of the global recovery in equity markets, according to the National.
The company’s net income boosted to USD871 million compared to USD816 million during the same period in 2012.
However, revenue dropped to USD 26.05billion compared to USD26.32 billion.
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