Mubasher: The ordinary general meeting (OGM) of Bahrain Telecommunications (Batelco) approved the board’s recommendation of distributing 25% cash dividends of the paid-up capital for fiscal year 2016.
The board members have proposed paying 25 fils per share for FY16, with an overall value of BHD 41.58 million, of which 10 fils per share were distributed as the third quarter’s dividends, according to a bourse statement issued on Wednesday.
During the fiscal year, Batelco posted a decline of 24% in profits to BHD 37.6 million from BHD 49.5 million in FY15.
