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Duty Free Shop board proposes 50 fils/shr dividend

Duty Free Shop board proposes 50 fils/shr dividend
Photo Credit: Arabianeye-Reuters
BDFS
DUTYF
-9.24% 0.54 -0.06

The board of Bahrain Duty Free Shop Complex Co. recommended cash dividend at 50% of capital, or 50 fils per share, as well as 10% bonus share distribution.

The Bahrain-listed firm posted a 32.7% jump in 2014 net earnings to BHD 8.55 million ($22.54 million), compared with BHD 6.4 million ($16.99 million) in 2013.

The company operates with BHD 10.7 million capital, divided into 107 million shares at BHD 0.1 par value each.