NIC's profits top KD 9.6 mln in 9 months

30/03/2015 06:44 AST

The National Industries Company (NIC) said Wednesday it secured KD 9.6 million in profits in the first three quarters of 2014 with per share dividends amounting to 7.3 fils.

NIC's profits and dividends in the corresponding period of the previous year hit KD 10.4 and 7.9 fils respectively (a Kuwaiti dinar is worth USD 3.42).

The total value of shareholder dividends in the nine months ending on September 30, 2014, topped KD 471 million compared to KD 389.4 million in the corresponding period of 2013, according to a NIC statement posted on Kuwait Stock Exchange (KSE).

The value of NIC's assets hit KD 1.43 billion while its commitments amounted in value to KD 802.4 million in the first nine months of the year compared with KD 807 million in the corresponding period of 2013.

Founded in 1960, NIC is one of the leading companies in the Middle East specialized in manufacturing and marketing building materials and infrastructure products; it owns several industrial and financial companies in the Middle East, Europe and North America and operates 16 production plants and two quarries.


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