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People & Business :: Earnings/Finance
Equate reports higher sales and earnings, eyes opportunities
7:28 AM MST | February 7, 2013 | Natasha Alperowicz
Equate (Kuwait City), a joint venture among Petrochemical Industries Co., Dow Chemical, Boubyan Petrochemical, and Qurain Petrochemical Industries, today reported a 3% rise in 2012 net profit, to $1.09 billion. Sales exceeded $2.60 billion for the first time, says Mohammad Husain, Equate’s president and CEO. “These profits were realized through absolute integration of all commercial, industrial, administrative, and other elements, as well as global demand for these products,” Husain says. Equater recently devised its 2020...
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