Cairo-Mubasher: Bahrain Ship Repairing and Engineering Co. (BASREC) said the board recommended cash dividend at 50% of capital, or 50 fils per share.
Shareholders of record until the close of trading on the general meeting date will be eligible for the dividend, according to the company's filing to Bahrain Bourse.
The company reported a 35% jump in FY14 net profit to BHD 1.36 million ($3.6 million), compared with nearly BHD 1 million ($2.65 million) in 2013.
BASREC operates with BHD 1.8 million capital, divided into 18 million shares at BHD 0.1 par value each.
