News Column

Nass Corporation records $10.9 million net gains

February 25, 2014

MANAMA: Nass Corporation yesterday reported a net profit of BD4.124 million ($10.9m) for last year compared to BD4.009m in 2012.

Gross turnover was BD80.241 million for last year, compared to BD119.649m for 2012, said Nass Corporation chairman Sameer Nass.

The gross turnover achieved for the fourth quarter of last year was BD19.66m compared to BD31.261m in the fourth quarter of 2012.

The company achieved a net profit of BD0.791m compared to BD1.378m in the fourth quarter of 2012.

"The company achieved satisfactory performance for the year despite challenging economic and market conditions," said Mr Nass.

Further, as a demonstration of appreciation and commitment to the shareholders, the board of directors has recommended a cash dividend of 15 fils per share to its shareholders subject to their approval at the annual ordinary general meeting to be held on March 24.

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Source: Gulf Daily News (Bahrain)

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