Kuwait Stock Exchange (KSE) announces that Independent Petroleum Group (IPG) released preliminary financial results for Q2 that ended on 30/06/2011. The company is expected to report KWD 749 thousand losses (almost 5.18 fils a share), compared with KWD 635 thousand (4.39 fils a share) a year earlier.

H1-11 earnings are seen netting KWD 870 thousand (around 6.02 fils a share), compared to KWD 2.214 million (15.32 fils a share) in the year-ago period.

The company will post Q2 financial statements on KSE website after being audited over the coming two weeks.