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Americana to pay 90 fils/shr for FY14

Americana to pay 90 fils/shr for FY14
Photo Credit: Arabianeye-Reuters
Americana
FOOD
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By: Ahmad Awad

Kuwait-Mubasher: Kuwait Food – Americana’s ordinary general meeting agreed on paying 90 fils for the fiscal year 2014.

Americana’s sales exceeded $3.2 billion, while its earnings totaled $183 million, said chairman Marzouk Al-Kharafi.

The chairman said that Americana’s debts decreased by KWD 15 million to KWD 67.4 million in 2014.

“Americana has distributed the highest cash dividend among the listed companies,” noted Al-Kharafi.

The chairman added that Americana is launching a restaurant every four days, as it covers 105 cities across the world.

He said that the firm is willing to expand in Iraq in the coming period.

The KSE-listed firm’s capital stands at KWD 40.2 million, distributed on 402 million shares with a par value of 100 fils per share.