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Nass suffers losses in Q4; dividends proposed

Nass suffers losses in Q4; dividends proposed
Photo Credit: Mubasher
NASS
NASS
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Mubasher: Nass Corporation suffered losses of BHD 952,000 ($2.4 million) in the fourth quarter of 2016 against BHD 1.195 million ($3.1 million) worth profits in the corresponding period of 2015.

During fiscal year 2016, Nass recorded a growth of 17.6% in profits to BHD 3.558 million from BHD 3.025 million in FY15, according to a bourse filing issued on Monday.

The board members recommended a cash dividend of 5% or 5 fils per share, with an overall value of BHD 1.08 million.