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National Investments profits up, dividends proposed for FY14

National Investments profits up, dividends proposed for FY14
Photo Credit: Arabianeye-Reuters
NINV
NINV
-1.49% 265.00 -4.00

National Investments Company recorded a growth of 9% in earnings for the fiscal year 2014, posting KWD 6.68 million ($22.3 million) in 2014 against KWD 6.15 million ($20.5 million) in 2013.

The KSE-listed firm reported a decline of 38% in its quarterly profit as it totaled KWD 1.63 million in 2014, compared to KWD 2.63 million in Q4-2013.

The board of directors recommended a cash dividend of 6% or six fils a share for FY-2014.

National Investments’ capital stands at KWD 87.62 million, distributed on 876.21 million shares with a par value of 100 fils per share.