Qurain Petrochemical Industries

Mubasher: Qurain Petrochemical Industries Company (QIPC) has achieved a net profit of KWD 28.23 million ($ 91.37 million) in fiscal year (FY) ended on 31 March 2020, compared to KWD 45.33 million ($ 146.72 million) in the previous year. Earnings …

Mubasher: Qurain Petrochemical Industries Company announced that its share of dividends from EQUATE Petrochemical Company and the Kuwait Olefins Company for 2019 reached KWD 11.62 million. Qurain owns 6% of the paid-up capital of the two …

Mubasher: Qurain Petrochemical Industries Company reported an 8% annual drop in profits over the nine-month period ended 31 December 2019, given that the fiscal year of the company starts on 1 April.   The profits amounted to KWD 14.29 million …

Mubasher: Qurain Petrochemical Industries Company reported a year-on-year profit increase of 0.8% during the first half of fiscal year 2019, while its gross profit jumped by 13%, according to the oil company’s official statement. Qurain …

Mubasher: EQUATE Group has announced that the start-up of MEGlobal Oyster Creek Site’s commercial production of fiber-grade, on-spec monoethylene glycol. MEGlobal Oyster Creek is considered EQUATE Group’s first manufacturing facility in the United …

Mubasher: Qurain Petrochemical Industries (QPIC) has reported a 7.7% year-on-year profit decline during the first quarter of 2019, recording KWD 4.78 million ($15.74 million). The company’s consolidated gross profit grew by 10% to KWD 16.20 …

Mubasher: Kuwait’s Global Investment House has announced that its alternative asset management arm, Global Capital Management has partially exited Kuwait-based Jassim Transport and Stevedoring Company (JTC). Under the agreement, a 60% stake in JTC …

Mubasher: The shareholders of Qurain Petrochemical Industries approved during the ordinary general meeting (OGM) on Thursday to distribute 16% of the capital as a cash dividend for fiscal year ended on 31 March 2019. Qurain Petrochemical will pay …

Mubasher: Qurain Petrochemical Industries achieved an increase of 29% in profits during the fiscal year ended on 31 March 2019 compared to a year earlier. Annual earnings grew to KWD 45.33 million ($148.8 million) for the year ended on 31 March …

Mubasher: Qurain Petrochemical Industries said that its 51.6%-owned subsidiary United Oil Projects Co (UOP) has signed two agreements valued at KWD 43.8 million with Kuwait Oil Company (KOC). The two contracts have a five-year duration period to …

Mubasher: Qurain Petrochemical Industries Company (QPIC) reported a 3% year-on-year profit drop during the nine months ended 31 December 2018. From April to December, Qurain Petrochemical’s profits fell to KWD 15.62 million ($51.64 million) …

Mubasher: Qurain Petrochemical Industries has achieved a profit valued at KWD 4.41 million ($14.52 million) in the second quarter ended on 30 September 2018 compared to KWD 4.39 million ($14.46 million) in the same period in the prior year, with a …

Mubasher: Qurain Petrochemical Industries posted a decline of 16% in profits during the first quarter ended on 30 June 2018 compared to the same period in the previous year. Earnings shrank to KWD 5.19 million ($17.15 million) in Q1 ended on 30 …

Mubasher: Qurain Petrochemical Industries has accomplished new investments in the fiscal year that ended on 31 March 2018 that resulted in achieving a net profit of KWD 35.2 million, which is 14% higher than KWD 30.76 million in the corresponding …

Mubasher: The extraordinary general meeting (EGM) of Qurain Petrochemical Industries approved to distribute 14% of the capital as cash dividends for the fiscal year ended on 31 March. The Boursa Kuwait-listed company will pay 14 fils per share as …

Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased 4,700 shares in Napesco during the trading activity of Thursday. Qurain has bought this stake for 737 fils per share totalling about KWD …

Mubasher: Qurain Petrochemical Industries has purchased 15,000 shares in National Petroleum Services (Napesco) during Wednesday’s session. The total value of this transaction stood at nearly KWD 11,250. The average price of the share in this …

Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased 9,900 shares in Napesco during the trading session on Tuesday. The value of the acquired stake stands at 730 fils per share or a total …

Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased about 151,900 shares in Napesco during the trading activity on Monday. Qurain has purchased the equity with an average price of 750 fils …

Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased an equity in Napesco during the trading session on Tuesday. Qurain Petrochemical has bought 626,000 shares in Napesco at a value of 750 …

Mubasher: Qurain Petrochemical Industries reported a rise in profits by 4.4% in the first three months of 2018, as shown by the company’s financial results. Profits amounted to KWD 19.17 million ($63.67 million) compared to KWD 18.36 million …

Mubasher: Qurain Petrochemical Industries has purchased 4,539 shares in the National Petroleum Services (Napesco) during Thursday’s session. This equity is valued at about KWD 3,630 or 800 fils per share, according to a bourse statement on Sunday. …

Mubasher: Qurain Petrochemical Industries has purchased about 64,440 shares in National Petroleum Services (Napesco) during Tuesday’s trading session. On a bourse statement on Wednesday, the purchase transaction was executed at an average price of …

Mubasher: Qurain Petrochemical Industries has reached an agreement with a local bank to restructure part of its debts, the company disclosed it a bourse filing on Wednesday. Qurain Petrochemical will restructure $50 million debts, while …

Mubasher: Qurain Petrochemical Industries reported a decline of 10.2% in profits during the third quarter ended on 31 December 2017 compared to the same period ended on 31 December 2016. Earnings decreased to KWD 5.47 million ($18.3 million) in …