International Petroleum Investment Co, an Abu Dhabi government backed investor, had a first half profit of $159.2 million from continuing operations compared with $2.65 billion a year ago, according to its bond prospectus.
Profit from continuing operations in 2009 jumped to $3.86 billion from $305.5 million in the previous year, while revenue rose to $9.92 billion from $9.85 billion, according to the document.
IPIC had assets of $48.2 billion at the end of June, the prospectus said.
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