Mubasher: NASS Corporation’s ordinary general meeting (OGM) agreed Monday on distributing cash dividends at 5% of the company’s capital or 5 fils per share for the fiscal year 2015, totalling BHD 1.08 million ($2.86 million).
The company is capitalised at BHD 22 million ($58.36 million) distributed across 220 million shares with a nominal value of BHD 0.10 ($0.27).
Earlier in March 2015, the OGM approved cash dividends at 15% of the share’s par value totalling BHD3.22 million ($8.54 million).
NASS’ net profit for the last quarter of 2015 rose by 200% to BHD900,000 ($2.4 million), compared to BHD300,000 ($801.2 million) in the previous year.
The company’s stock leapt in today’s trading by 2.04% to BHD 0.1 ($0.27).
