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Trafco Group’s Q4 profits fall 8.6%

Trafco Group’s Q4 profits fall 8.6%
Photo Credit: Arabianeye-Reuters
Trafco
TRAFCO
1.53% 0.27 0.00

Mubasher: Trafco Group said that its financial statements showed a drop of 8.6% in net profits to about BHD 393,000 ($1.05 million) for the fourth quarter of 2015 as compared to nearly BHD 430,000 ($1.15 million) the same quarter in 2014, according to a bourse statement.

For the fiscal year of 2015, Bahraini Trafco posted BHD 2.07 million earnings as compared to BHD 1.6 million in FY14.

The board has recommended a payment of 16% cash dividends for FY15.