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Bahrain Maritime OKs cash dividend, capital hike

Bahrain Maritime OKs cash dividend, capital hike
Photo Credit: Arabianeye-Reuters
BMMI
BMMI
-1.72% 0.57 -0.01

Bahrain-Mubasher: Bahrain Maritime said its ordinary general meeting approved cash dividend for the fiscal year 2014 at 50% of capital, or 50 fils a share, totaling BHD 6.26 million.

The extraordinary general meeting gave a nod to increasing issued and paid-up capital from BHD 13.311 million to BHD 14.642 million through distributing 1-for-10  bonus shares at a par value of 100 fils each.

FY14 net earnings reached BHD 11.25 million, compared with BHD 10.07 million a year earlier.