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 fils per share in Q3-19, compared to KWD 1.464 million or 8.09 fils per share, according to a bourse statement on Wednesday.
IPG further predicts net profits worth KWD 5.558 million or 30.74 fils per share during the nine-month period ended on 30 September 2019, compared to KWD 5.866 million or 32.44 fils during the corresponding period in 2018.
IPG will announce the Q3-19 final financial results during the next three weeks after the audit process.
