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Nass Corporation has achieved a gross turnover of BD88.756 million (BD107.576 million for 2010) on which it had achieved a net profit of BD4.526 million (BD7.322 million for 2010).
This was announced by deputy chairman Samir Abdulla Nass when the board of directors met to review the financial results of the company for the year ended December 31, 2011.
“Despite extremely challenging economic and market conditions, the company has maintained its track record of earning reasonable profits for the year,” said Mr Nass.
He added that, notwithstanding the difficult market conditions, the company’s board of directors have in the spirit of demonstrating their commitment towards shareholders to provide value for their investment, recommended a cash dividend of 15 fils per share to its shareholders which is subject to approval of the shareholders in the annual ordinary general assembly meeting to be held on March 21.
