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Esterad Q4 financials turn profitable

Esterad Q4 financials turn profitable
Photo Credit: Arabianeye-Reuters
Esterad
ESTERAD
-3.00% 0.19 -0.01

Mubasher: Esterad Investment achieved profits worth nearly BHD 2,760 ($7,270) during the fourth quarter of 2016 versus losses of nearly BHD 145,000 ($381,900) in the same period a year ago.

During the fiscal year of 2016, earnings totaled approximately BHD 806,360 as compared to BHD 1.155 million in FY15, according to a bourse statement issued on Thursday.

The board has recommended a cash dividend of 5% or 5 fils a share, with a total of nearly BHD 697,521.