Oula Fuel profits edge 6% in 2014

Oula Fuel Marketing said it posted net profits of KWD 4.01 million ($13.35 million) in 2014, compared with KWD 4.26 million ($14.18 million) for 2013 with slight decline of nearly 6%.

Meanwhile, the company's board of directors brought a recommendation to distribute 6% bonus shares (6 shares for each 100 shares) for the fiscal year ended 31 December, 2014.

The company capitalised at KWD 38.16 million, divided into 38.16 million shares at KWD 100 fils par value each.

Mubasher Contribution Time: 19-Mar-2015 05:58 (GMT)