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Article: GPIC net profit surges 50 per cent to $301m.
- Article from:
- Gulf Daily News (Manama, Bahrain)
- Article date:
- March 22, 2009
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MANAMA: GPIC net profit increased 50 per cent to $301 million last year, it was revealed yesterday.
Adviser to the Premier on Industrial and Oil Affairs and company chairman Shaikh Isa bin Ali Al Khalifa announced the results at the 30th ordinary general meeting of GPIC shareholders.
The meeting, held at the Ritz-Carlton Bahrain Hotel and Spa, decided to distribute the entire profit among the shareholders.
The net profit represents a return of 188pc of the paid-up capital.
Shaikh Isa thanked the shareholders, board members, executive management and all employees of the company for their contribution.
He also praised the strong ...