Mubasher: Kuwait Company for Process Plant Construction and Contracting’s (KCPC) shareholders approved the recommendation of distributing 20% of the capital as cash dividends for fiscal year 2018.

KCPC will pay 20 fils per share as dividend to the entitled shareholders, at a total value of KWD 1.94 million.

The company will distribute the FY18 dividends on 23 May to the shareholders of records on 16 May, according to a bourse disclosure on Tuesday.

During FY18, KCPC achieved a surge of 81.2% in profits to KWD 4.24 million compared to KWD 2.34 million in FY17.