Mubasher: The shareholders meeting of Al Anwar Ceramic Tiles on Sunday approved distributing cash dividends of 8 baisas per share.
The distributions represent 8% of the company’s capital of OMR 29.62 million, bringing the total value of distribution to OMR 2.37 million, according to the company’ statement to the Muscat Securities Market (MSM).
The ceramics company’s profits retreated 52.2% reaching OMR 549,290 in the first quarter of 2017, compared to OMR 1.15 million in Q1-16.
Annual profits declined 74% to OMR 1.7 million in 2015 from OMR 6.54 million in the year before.
Al Anwar Ceramic’s stock opened Sunday down 4.46% to OMR 0.15.
