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Kuwait Gypsum to pay 10 fils/shr for FY14

Kuwait Gypsum to pay 10 fils/shr for FY14
Photo Credit: Arabianeye-Reuters
K-GYPS
GYPSUM
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By: Ahmad Awad

Kuwait-Mubasher: Kuwait Gypsum Manufacturing and Trading Company’s ordinary general meeting has agreed on paying a cash dividend of 10% or 10 fils per share for the fiscal year 2014.

The company posted a net profit of about KWD 336,300 ($1.1 million) in 2014, against losses worth nearly KWD 330,000 in 2013.

The KSE-listed firm’s capital amounts to KWD 3 million, distributed on 30 million shares with a par value of 100 fils a share.