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Nass to discuss proposed dividends late March

Nass to discuss proposed dividends late March
Photo Credit: Arabianeye-Reuters
NASS
NASS
-9.52% 0.08 -0.01

Mubasher: Nass Corporation will hold its ordinary general meeting (OGM) on Wednesday, 27 March, to consider the board’s recommendation of distributing 5% cash dividends.

The Bahraini company’s board proposed a payout of 5 fils per share, with a total of BHD 1.08 million for fiscal year 2016, according to a bourse statement issued on Thursday.

During the fiscal year, Nass achieved a rise of 17.6% in net profits to BHD 3.58 million from BHD 3.02 million in FY15.