(MENAFN) Profits of Abu Dhabi-based International Petroleum Investment Company (Ipic) grew 6.7 percent in the current year's first half as a result of the global recovery in equity markets, according to the National.
The company's net income boosted to USD871 million compared to USD816 million during the same period in 2012.
However, revenue dropped to USD 26.05billion compared to USD26.32 billion.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.