Ikarus Petroleum Industries disclosed its interim financial statements for the nine months period ended September 30, 2014. The statements reflected KWD10.21 ($34.4 million) net profit for this period in comparison to KWD10.09 ($34.3 million) for the corresponding period of previous year.

Meanwhile, the company achieved KWD1.38 million net profit for the third quarter of 2014 against KWD1.056 million for the similar period of last year.

KARUS operates within the materials sector focusing on commodity chemicals. It has 4 subsidiaries operating across Saudi Arabia and Bahrain, working on specialty chemicals, multi-sector holdings and commodity chemicals.