Heavy Engineering Industries and Shipbuilding (SHIP`R)

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News

14 May 2017 03:49 PM HEISCO profits decline 23.4% in Q1

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported a decrease of 23.4% in profits during the first quarter of 2017 as compared to the same period of 2016. HEISCO posted earnings worth KWD 1.42 million ($4.64 …

Financial Results

8 May 2017 03:28 PM HEISCO to pay 10% dividends for FY16

Kuwait – Mubasher: The ordinary general meeting (OGM) of Heavy Engineering Industries and Shipbuilding (HEISCO) approved distributing 10% of capital as cash dividends for fiscal year 2016. The company will pay 10 fils per share to the entitled …

Cash Dividends

30 March 2017 09:17 AM HEISCO unit inks deal with KNPC

Mubasher: Gulf Dredging and General Contracting Co, a subsidiary of Heavy Engineering Industries and Shipbuilding (HEISCO), has signed a contract to execute a project by Kuwait National Petroleum Co (KNPC). The contract is worth KWD 1.09 million …

Companies Investments

15 March 2017 09:36 AM HEISCO profits surge in Q4; dividend proposed

Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) achieved a growth of 95.4% in profits during the fourth quarter of 2016 as compared to the same period of 2015. Earnings increased to KWD 1.78 million ($5.81 million) in Q4-16 from …

Cash Dividends

10 January 2017 02:59 PM HEISCO unit inks KWD 16.77m deal

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said that its subsidiary, Gulf Dredging and General Contracting Co, has signed a contract with the main contractor for the electricity and water ministry of Kuwait. The …

Companies Investments

9 January 2017 08:40 AM HEISCO, Kuwait Oil Co. sign KWD 3.6m deal

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) signed a KWD 3.651 million contract with Kuwait Oil Company to provide maintenance support services for oil movement and measurement facilities, according to a statement. …

Companies Investments

21 December 2016 05:39 PM HEISCO unit awarded KWD 2.23m contract

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said its 99.92% owned subsidiary - Gulf Dredging and General Contracting Co - awarded a contract worth KWD 2.23 million. The contract comes in the framework of the program …

Companies Investments

23 November 2016 02:14 PM HEISCO unit gives lowest bid in ministry tender

Kuwait – Mubasher: Gulf Dredging and General Contracting Co, the subsidiary of Heavy Engineering Industries and Shipbuilding (HEISCO), has provided the lowest bid in a tender presented by the interior ministry. The tender contract is worth KWD …

Companies Investments

22 November 2016 08:41 AM HEISCO inks KWD 22m deal with KNPC

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding Co. (HEISCO) signed two contracts worth KWD 22.07 million ($72.3 million) for the Kuwait National Petroleum Company’s (KNPC) Al Zour Refinery, according to a bourse statement. The …

Companies Investments

13 November 2016 03:26 PM HEISCO posts 16% rise in Q3 profits

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding Company (HEISCO) reported on Sunday a rise of 15.8% in its profits for the third quarter of fiscal 2016 to KWD 1.47 million ($4.84 million), versus KWD 1.27 million ($4.18 million) …

Financial Results

7 November 2016 03:53 PM HEISCO inks KWD 1.79m oil deal

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract in favor of Kuwait National Petroleum Company (KNPC) regarding Mina Abdullah Refinery. The contract has a value of KWD 1.79 million ($5.9 million), …

Companies Investments

1 September 2016 10:54 AM HEISCO inks deal with interior ministry

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said that its subsidiary Gulf Dredging and General Contracting Co has signed a contract with the interior ministry. The deal is worth KWD 5.99 million, with duration period …

Companies Investments

11 August 2016 03:35 PM HEISCO profits decline 30% in Q2

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) registered a decline of 30% in net profits for the second quarter of 2016. The Kuwaiti listed firm saw net profits of KWD 1.23 million for Q2-2016, down from KWD 1.76 …

Financial Results

31 July 2016 11:01 AM HEISCO inks KWD 5.43m deal with KOC

Kuwait – Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a deal worth KWD 5.43 million with the main contractor of a new project by Kuwait Oil Company (KOC). The contract has duration of 12 months starting from 3 April, …

Companies Investments

18 July 2016 08:44 AM HEISCO inks KWD 49.72m deal with KNPC

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a deal with a main contractor in favor of Kuwait National Petroleum Company (KNPC), according to a bourse statement issued Monday. The contract is worth KWD 49.72 …

Companies Investments

3 July 2016 02:07 PM HEISCO signs KWD 9m contract

Kuwait - Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract with the main contractor of the clean fuels project for Kuwait National Petroleum Company (KNPC) at a value of KWD 9.05 million ($29.93 million), …

Companies Investments

2 June 2016 09:12 AM HEISCO inks $8.33m contract with KNPC

  Kuwait- Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract with Kuwait National Petroleum Company (KNPC) at a total value of KWD 2.52 million ($8.33 million), the company said in a statement. The 28-month long …

Companies Investments

26 May 2016 09:41 AM HEISCO to distribute bonus shares 1 June

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) will start distributing 5% bonus shares of the capital on 1 June, according to a bourse statement. HEISCO will distribute 5-for-100 shares for the fiscal year 2015, the …

Corporate Actions

11 May 2016 04:50 PM HEISCO’s Q1 profits soar 158.7% on higher revenues

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) reported KWD 1.85 million ($6.13 million) profits in the first quarter of 2016 as compared to the same quarter in 2015; a surge of 158.7%, the company said in a statement …

Financial Results

28 April 2016 03:35 PM HEISCO’s shareholders approve FY15 dividends

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding’s (HEISCO) ordinary general meeting agreed on distributing both cash dividends and bonus shares for the fiscal year 2015, according to a recent statement. HEISCO will pay 5% cash …

Cash Dividends

28 April 2016 00:00 PM Kuwait’s HEISCO inks KWD 5.43m deal

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a contract for Kuwait Oil Company (KOC), with a value worth KWD 5.43 million ($18 million), the company said in a statement. The contract has duration of 12 months …

Companies Investments

16 March 2016 03:06 PM HEISCO sees lower profits in Q4; dividends proposed

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) posted a 32% decline in profits to approximately KWD 912,500 ($3.03 million) in the fourth quarter last year. Its profits stood at KWD 1.34 million ($4.45 million) in Q4-14. …

Financial Results

21 January 2016 10:15 AM HEISCO issues correction: Chevron’s project ‘conditionally’ awarded

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said that the project it secured from Saudi Chevron was given through a conditional letter of award, as opposed to an earlier announcement saying that the Kuwaiti contractor …

Companies Investments

17 January 2016 04:10 PM HEISCO to carry out $18.7m project for KSA’s Chevron

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) said it has been given a direct award by Saudi Arabia’s Chevron to undertake a restoration project, according to a bourse statement. HEISCO noted that the renovation works …

Companies Investments

17 January 2016 02:06 PM Kuwait’s HEISCO wins KWD 22.3m tender

Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded KWD 22.3 million tender for Kuwait Oil Company (KOC), according to a bourse statement. The tender has duration period of 503 days. HEISCO noted that the financial …

Companies Investments