Independent Petroleum Group K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 295.29 million compared to KWD 518.96 million a year ago. Net income was KWD 1.67 million compared to KWD 2.93 million a year ago. Basic earnings per share from continuing operations was KWD 0.00921 compared to KWD 0.01618 a year ago.
For the nine months, sales was KWD 735.36 million compared to KWD 1,374.53 million a year ago. Net income was KWD 5.49 million compared to KWD 6.56 million a year ago. Basic earnings per share from continuing operations was KWD 0.03036 compared to KWD 0.0363 a year ago.