Bahrain Ship posts BD3.7m profit

30 March 2009

Bahrain Ship Repairing and Engineering Company recorded a profit of BD3.7m last year, a 62% increase over the same period in 2007. Chairman Mubarak Kanoo said the company's profitability is at its highest level since it was launched 45 years ago. The company is offering dividends worth BD480,000, 70% of paid-up capital, to its shareholders.

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