Ship Repairing posts higher profits in Q4

Mubasher: The Bahrain Ship Repairing and Engineering Company achieved a growth of 53.9% in profits during the fourth quarter of 2016 as compared to the same period a year ago.

Earnings increased to BHD 600,000 ($1.53 million) in Q4-16 from BHD 390,000 ($997,260) in Q4-15, according to a bourse filing issued on Sunday.

During fiscal year 2016, profits rose by 21.7% to total BHD 1.91 million from BHD 1.57 million in FY15.

Ship Repairing’s board members recommended a cash dividend of 50% or 50 fils per share for the fiscal year.


Mubasher Contribution Time: 26-Feb-2017 13:50 (GMT)
Mubasher Last Update Time: 26-Feb-2017 13:57 (GMT)