Cinema Q4 profits jump 76%; dividends recommended

Mubasher: Bahrain Cinema Co. net profit grew by 76.4% to BHD1.42 million ($3.76 million) in the fourth quarter of 2015 compared to BHD804,000 ($2.13 million) in the same period of 2014, according to a statement posted on bourse website  on Thursday.

The board of directors proposed distributing cash dividends at 50% of the company’s capital or 50 fils per share.

The company operates with BHD6.6 million capital, distributed into 66 million shares by BHD0.1 per share.

Cinema’s net profit for FY15 fell by 16.7%.to $6.3 million, compared with $7.56 million in the same period of 2014.

Mubasher Contribution Time: 25-Feb-2016 06:58 (GMT)