Mubasher: The net profit of National Petroleum Services (Napesco) declined by 3.57% on an annual basis in 2019 to reach KWD 11.37 million ($37.24 million), compared to KWD 11.79 million ($38.62 million) in 2018.
Earnings per share (EPS) stood at 117.25 fils last year, compared to 121.56 in 2018, according to a stock exchange filing on Wednesday.
The company’s board of directors recommended a cash dividend distribution of 70 fils per share or 70% of the share’s nominal value for 2019.
It is worthy to point out that during the fiscal year 2018, Napesco recorded a surge of 17.7% in profits to KWD 11.79 million from KWD 10.02 million in 2017.
