IPG to pay 30 fils/shr dividends for FY17

IPG to pay 30 fils/shr dividends for FY17
IPG will pay the cash dividends on 7 March
IPG IPG 12.00% 450.00 49.00

Mubasher: The ordinary general meeting (OGM) of Independent Petroleum Group (IPG) approved the board’s recommendation to distribute 30% of capital as cash dividends for fiscal year 2017.

IPG will pay 30 fils per share at a total value of KWD 5.65 million, according to a bourse statement on Tuesday.

IPG will pay the cash dividends on 7 March to the shareholders registered on 1 March.

In FY17, IPG achieved a growth of 24.4% in profits to KWD 6.23 million compared to KWD 5.01 million in the previous year.

At the stock level, IPG closed Tuesday’s session at 390 fils.

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Source: Mubasher

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