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Wed 3 Nov 2010 12:08 AM

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IPIC first half profit from continuing operations $159.2m

Company had assets of $48.2 billion at the end of June

IPIC first half profit from continuing operations $159.2m
PROFITS: IPIC revenue rose to $9.92 billion from $9.85 billion last year, according to the document (Getty Images)

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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