Mubasher: National Hotels Company’s financial statements for the fourth quarter of FY15 revealed that net profit rose 11% compared to the same period of 2014.
According to bourse statement published today, Q4 net profit rose to BHD970,000 ($2.6 million),from BHD960, 000 ($2.55 million) during same quarter of 2014.
Meanwhile, financial results of FY15 showed that net profit rose by 23% to BHD3.77 million, versus BHD3.06 million at the end of FY14.
The company’s total operating revenues for the fiscal year 2015 rose to BHD10 million, fromBHD8.71 million in 2014.
The hotel operator’s profits increased during the first nine months of 2015 by 35.7% to BHD2.8 million ($1.3 billion), compared to BHD2.1 million ($1 billion) during the same period of 2014.
The company's board of directors recommended distributing cash dividends to shareholders at 12% of paid-up capital, or 12 fils per share.
The company is capitalised at BHD11.025 million, distributed into 110.25 million shares at BHD0.1 per share.
