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

Feb. 29 (Bloomberg) -- Equate Petrochemical Co., a joint venture of the Dow Chemical Co. and Boubyan Petrochemicals Co, 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.

Link to Company News:{ALQURAIN KK <Equity> CN <GO>} Link to Company News:{BPCC KK <Equity> CN <GO>} Link to Company News:{DOW US <Equity> CN <GO>} Link to Company News:{0236541Z KK <Equity> CN <GO>}

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