Bahrain-Mubasher: United Gulf Investment Corp (UGIC) said its general meeting approved the board's recommendation on transferring BHD 67,694 to the legal reserve and the remaining BHD 609,247 to the retained earnings account.

FY14 net earnings reached BHD 940.7 thousand ($2.5 million), compared with BHD 8.53 million ($22.6 million) in 2013.

The company operates with BHD 20 million capital, divided into 200 million shares at BHD 0.1 par value each.