Mubasher: Independent Petroleum Group (IPG) reported an 11.7% year-on-year increase in expected profit for the second quarter of the fiscal year 2019, recording KWD 2.49 million ($8.21 million).
IPG’s forecast profit for the first six months of the year reached KWD 4.85 million, compared to KWD 4.4 million a year earlier, according to a bourse statement.
The company will disclose its final income statement on a bourse filing to Boursa Kuwait in three weeks.
In April, IPG said that its estimated profits for the first quarter of 2019 would rise by 8.1% when compared to the year-ago period.
