Mubasher: Acwa Power Barka’s board of directors on Wednesday approved distributing cash dividends from the retained earnings for the first four months of 2017.
Distributions represent 23% of the capital with a total value of OMR 3.68 million, as the due date is set on 18 June, according to a filing to the Muscat Securities Market (MSM).
The board also approved the company’s audited financial statements for the first four months of 2017.
The Omani firm’s revenues reached OMR 20.79 million from the beginning of 2017 until 31 April, compared to OMR 19.71 million in the year-ago-period.
Year-on-year, Acwa Power Barka’s net profits amounted to OMR 48,000, compared to OMR 3.33 million.
The MSM-listed company turned to losses by logging a loss of OMR 977,000 in the first quarter of 2017, against profits of OMR 2.47 million in Q1-16.
