Kuwait-Mubasher: National Petroleum Services (Napesco) reported a growth of 76.8% in profits to KWD 987,000 ($3.29 million) for the fourth quarter in 2015 as compared to about KWD 558,300 ($1.86 million) in the same quarter of 2014, according to a bourse statement.
The company’s profits soared by 67.9% to reach KWD 5.69 million during the fiscal year 2015, compared to KWD 3.39 million in 2014.
The board of Napesco has recommended the distribution of 60% cash dividends or 60 fils per share for FY15, subject to shareholders’ approval.
