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FINANCIAL NEWS
Bahrain- Nass Corporation’s 2012 profit falls to USD10.6m
27 Feb 2013
(MENAFN) Bahrain’s Nass Corporation’s deputy chairman, Samir Abdulla Nass, announced that the company’s net profit for 2012 reached USD10.63 million, reported Gulf Daily News.
Nass said that the figure is lower than the USD12-million profit recorded in the previous year.
Meanwhile, last year’s gross turnover was USD317.3 million, up from USD235.9 million in 2011.
The deputy chairman noted that Nass Corporation managed to post a reasonable profit for 2012, regardless of the tough economic and market conditions.
It is worth noting that Nass board has suggested a cash dividend of USD0.38 a share.
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