Mubasher: NASS Corporation posted on Wednesday an increase in net profit for the last quarter of 2015 by 200% to BHD900,000 ($2.4 million), compared to BHD300,000 ($801.2 million) in the previous year, according to the company’s statement to Bahrain Bourse.
The board of directors recommended the distribution of dividends at 5% of paid-up capital by 5 fils per share, which is 10% lower than the 15% cash dividends distributed for FY14
The company’s capital is BHD22 million distributed into 220 million shares at BHD 0.1 per share.
NASS earlier reported BHD2.7 million annual profits for 2015, compared with BHD4.1 million net profit by the end of 2014.
The share price settled in its last trade on 22 February at BHD0.11 with a trading volume of 305 shares at BHD30.8.
