Friday, June 04, 2010

EQUATE and TKOC announce Q1-10 combined profits at US$222 million

EQUATE Petrochemical Company and The Kuwait Olefins Company (TKOC) have announced that their combined profits for the first quarter of 2010 reached US$222 million. Commenting on this matter, EQUATE CFFO Abdulkarim Mubarak said such results were ratified by the board of directors during a meeting held earlier in June, adding that such results were realized due to the petrochemical market’s noticeable positive performance and the company’s distinguished performance.

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