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 2.175 million ($7.16 million) during Q1-18, according to a statement to Boursa Kuwait on Wednesday.
The company will disclose its final income statement on a bourse filing to Boursa Kuwait in three weeks.
In February, IPG's ordinary general meeting (OGM) approved the board’s recommendation to distribute 30 fils per share as cash dividends for fiscal year 2018.
