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Marine Services to pay 5 fils as FY15 dividends

Marine Services to pay 5 fils as FY15 dividends
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Marine Services to pay 5 fils as FY15 dividends

Kuwait-Mubasher: The shareholders of Contracting and Marine Services agreed on paying cash dividends at 5% of capital or 5 fils per share for the fiscal year 2015, unchanged from FY14, according to a statement.

The company’s earnings reached KWD 1.32 million in FY15, as compared to around KWD 917,000 in FY14, a growth of 44%.

Also, the OGM has elected a new board of directors for the coming three years.

The ex-dividend date is 24 April.

On the stock market, Marine Services was last traded 19 April when it grew 3.85% to reach 108 fils.