Kuwait-Mubasher: Kuwait Portland Cement’s ordinary general meeting agreed on paying 50% or 50 fils per share as cash dividends for the fiscal year 2015, according to a recent statement.
The shareholders also approved the distribution of 5% bonus shares on a 5-for-100 basis.
During the fiscal year 2015, the company achieved profits worth KWD 4.82 million ($15.98 million) as compared to KWD 8.26 million ($27.38 million) in FY14, a decline of 41.7%.
The Cement producer’s stock retreated 1.92% or 20 fils to end Monday’s session at KWD 1.02.
