Mubasher: Boubyan Petrochemical Company reported an increase in profits by 12.1% during the fiscal year (FY) ending 30 April 2020.
The profits amounted to KWD 11.82 million ($38.49 million) in the ending year, compared with KWD 10.55 million ($34.36 million) in the previous year.
The company attributed the growth in profits to higher net returns from investments in subsidiaries by KWD 1.27 million, despite a 7% decline in operational revenues to KWD 100.46 million.
Moreover, the company’s board of directors has recommended the distribution of 35% cash dividends to shareholders at 35 fils per share.
