Independent Petroleum Group KSCP (IPG`R)

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News

10 March 2020 04:06 PM IPG’s profit up 8% in 2019; dividends proposed

Mubasher: The Independent Petroleum Group (IPG) achieved net profits of KWD 6.63 million ($21.7 million) during the fiscal year ended on 31 December 2019, up by 7.9% from KWD 6.14 million ($20.19 million) in 2018. In the fourth quarter of 2019, …

Financial Results

9 October 2019 03:17 PM IPG expects Q3-19 profits to decline from KWD 1.4m

Mubasher: The Independent Petroleum Group (IPG) announced its expectation for the initial financial results during the third quarter of 2019 ended on 30 September 2019. Year-on-year, the net profits are forecast to plunge to KWD 712,000 or 3.94 …

Financial Results

9 July 2019 04:18 PM IPG’s profit may reach $8.2m in Q2

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 …

Company News

10 April 2019 04:46 PM IPG forecasts KWD 2.35m profits in Q1-19

Mubasher: Independent Petroleum Group (IPG)  said that its estimated profits for the first quarter of 2019 will rise by 8.1% when compared to the year-ago period. IPG’s earnings may reach KWD 2.352 million ($7.74 million) in Q1-19, compared to KWD …

Financial Results

21 February 2019 11:51 AM IPG to pay KWD 5.4m dividends for FY18

Mubasher: Independent Petroleum Group (IPG) announced that its ordinary general meeting (OGM) on Wednesday approved the board’s recommendation of distributing 30 of capital as cash dividends for fiscal year 2018. IPG said it would pay 30 fils per …

Cash Dividends

24 October 2018 04:27 PM IPG’s stock sees KWD 1.02m private deal Wednesday

Mubasher: Boursa Kuwait announced that a private transaction was executed on the shares of Independent Petroleum Group (IPG) on Wednesday. The private deal included 2.55 million shares at a value of 400 fils each at a total value of KWD 1.02 …

Trading Activities

10 October 2018 02:47 PM IPG profits rose 1.3% in Q3

Mubasher: Independent Petroleum Group (IPG) registered a growth of 1.3% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings increased to KWD 1.46 million ($4.83 million) in Q3-18 from KWD 1.44 million …

Financial Results

7 October 2018 03:23 PM IPG board to consider Q3 financials on Wednesday

Mubasher: Independent Petroleum Group (IPG) will hold its board meeting on Wednesday, 10 October, to discuss the income statements for the third quarter of 2018. IPG’s board members noted that the financials of the nine-month period ended on 30 …

Board of Directors

11 July 2018 02:42 PM IPG records KWD 2m profits in Q2

Mubasher: Independent Petroleum Group (IPG) achieved an increase of 16.2% in profits during the second quarter of 2018 compared to the same period last year. Earnings grew to KWD 2.23 million ($7.38 million) in Q2-18 from KWD 1.92 million ($6.36 …

Financial Results

10 April 2018 03:32 PM IPG records KWD 2m profits in Q1-18

Mubasher: Independent Petroleum Group (IPG) achieved an increase of 26.7% in profits during the first quarter of fiscal year 2018 compared to the same period in the previous year. Earnings grew to KWD 2.18 million ($7.28 million) in Q1-18 from KWD …

Financial Results

13 February 2018 05:05 PM IPG to pay 30 fils/shr dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Independent Petroleum Group (IPG) approved the board’s recommendation to distribute 30% of capital as cash dividends for fiscal year 2017. IPG will pay 30 fils per share at a total value of KWD 5.65 …

Trading Activities

10 January 2018 05:17 PM IPG profits in FY17 grow; 30% dividends approved

Mubasher: The preliminary financial statements of Independent Petroleum Group (IPG) reported a growth of 24.4% in profits during fiscal year 2017 compared to 2016. Earnings increased to KWD 6.23 million in FY17 from KWD 5.01 million in FY16, …

Financial Results

10 October 2017 04:23 PM IPG profits up 1% in Q3

Mubasher: Independent Petroleum Group (IPG) achieved a slight growth of 1% in profits as registered in the preliminary income statements of the third quarter of 2017 compared to the same period a year ago. Earnings increased to KWD 1.445 million …

Financial Results

21 June 2017 10:47 AM IPG capital hike subscription ends

Kuwait – Mubasher: Independent Petroleum Group (IPG) said that the subscription period for raising its capital by KWD 3.62 million has ended. IPG offered 36.16 million shares for subscription to raise the capital to KWD 18.84 million from KWD …

Corporate Actions

19 April 2017 02:42 PM IPG to pay KWD 4.57m dividends, raise capital

Mubasher: The ordinary general meeting (OGM) of Independent Petroleum Group (IPG) approved distributing 30% of capital as cash dividends for fiscal year 2016. The company will pay 30 fils per share to the entitled shareholders, with a total of KWD …

Management Decisions

9 April 2017 03:24 PM IPG expects KWD 1.72m profits in Q1

Mubasher: Independent Petroleum Group (IPG) has projected a growth of 40.1% in profits during the first quarter that ended 31 March 2017, compared to the same period of 2016. IPG expects profits worth KWD 1.724 million ($5.65 million) in Q1-16 …

Financial Results

6 March 2017 02:56 PM Kuwait’s IPG proposes capital top-up

Kuwait – Mubasher: Independent Petroleum Group (IPG) on Monday said its board has recommended an amendment to its previous proposal through raising the company’s issued and paid capital by 23.75% or KWD 3.616 million. The increase will boost …

Cash Dividends

13 February 2017 06:17 PM Kuwait's IPG recommends dividends, capital hike

Kuwait – Mubasher: The board of directors of Independent Petroleum Group (IPG) has recommended a cash dividend to shareholders for the fiscal year 2016 as well as capital increase. In its meeting held Monday, the board proposed a cash distribution …

Corporate Actions

12 January 2017 03:34 PM IPG profits lower 53% in Q4

Kuwait – Mubasher: Independent Petroleum Group (IPG) achieved KWD 1.04 million ($3.4 million) profits for the fourth quarter of 2016, lower 52.7% year-on-year from KWD 2.2 million ($7.2 million), the unaudited results revealed. Over the fiscal …

Financial Results

11 October 2016 02:50 PM IPG expects Q3 profits to leap 867%

Kuwait – Mubasher: Independent Petroleum Group (IPG) has expected the net profit of the third quarter this year to reach KWD 1.431 million ($4.73 million) as compared to KWD 148,000 ($489,260) in the same quarter of 2015, a jump of 867% …

Financial Results

11 July 2016 02:53 PM IPG expects KWD 1.3m profits in Q2-16

Kuwait-Mubasher: Independent Petroleum Group (IPG) predicted a 99.8% increase in net profit for the second quarter of 2016, reaching KWD 1.3 million ($4.296 million), compared to KWD 726,000 ($2.3 million) in the same period of last year. Earnings …

Financial Results

10 April 2016 02:31 PM IPG expects Q1 profits to grow 69.8%

Kuwait-Mubasher: Independent Petroleum Group (IPG) expected net profits to increase 69.8% in the first quarter of 2016 as compared to Q1-15, according to a statement. The Kuwait-listed firm’s earnings are projected to reach KWD 1.231 million …

Financial Results

10 April 2016 09:57 AM Kuwait’s IPG to discuss financials Sunday

Kuwait-Mubasher: Independent Petroleum Group (IPG) will hold a board meeting on Sunday to consider the financial statements for the first quarter in the fiscal year 2016, according to a statement. The Kuwait-listed firm achieved profits worth KWD …

Event

6 April 2016 11:47 AM IPG to discuss Q1 financials

Kuwait-Mubasher: Independent Petroleum Group (IPG) will hold a board meeting on 10 April to consider the financial statements of the first quarter in 2015. On the stock market’s level, IPG was last traded on Tuesday when it rose by 3.2% to settle …

Event

22 March 2016 00:05 PM IPG says offers 25% dividends for FY15

By: Ahmad Awad Kuwait-Mubasher: Independent Petroleum Group’s (IPG) shareholders approved the 25% dividends recommended by the board for the fiscal year 2015. IPG agreed on paying 25 fils per share as cash dividends, with an overall value of KWD …

General Assembly