Equate Petrochemical Says 2011 Net Increases 20% to $1 Billion

Equate Petrochemical Co., a joint venture of the Dow Chemical Co. (DOW) and Boubyan Petrochemicals Co (BPCC), Qurain Petrochemical Industries Co., posted a 20 percent increase in 2011 profit to $1.05 billion, according to an e- mailed statement today.

Sales “exceeded” $2.5 billion in the same period, it said.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.