Mubasher: Bahrain Ship Repairing and Engineering Company’s fourth-quarter net earnings increased by 7.5% to BHD430,000 ($1.15 million), compared to BHD400,000 ($1.1 million) during the same period of the previous year.

The board of directors recommended cash dividends at 50% of the share capital or 50 fils per share, according to a statement published on Bahrain’s bourse website today.

The company’s net profit reached BHD1.6 million in 2015 compared with BHD1.4 million in 2014.