Mubasher: Bahrain Maritime and Mercantile International’s (BMMI) financial statements for the fourth quarter of FY15 showed that profits rose by 1.5%.
The fourth-quarter profits reached BHD 2.7 million ($7.2 million), compared to BHD 2.66 million ($7.1 million) in the same period of the previous year, according to the company’ statement to Bahrain bourse.
The board of directors proposed cash dividends for FY15 at 50% of paid-up capital, or 50 fils per share.
The company had distributed 20 fils per share for the first half of 2015.
The company operates with BHD 14.6 million in capital, divided into 146.43 million shares at a par value of BH D0.10 each.
BMMI achieved annual profits of BHD 10.1 million in 2015, compared to BHD 11.26 million a year earlier.
The stock declined by 3.41% to BHD 0.85 in its last trading session on 25 January after 5,7000 shares were exchanged at a total traded value of BHD 4,920.
