Profit rises 62pc

30/03/2009 00:00 AST

Bahrain Ship Repairing and Engineering Company recorded a profit of BD3.7 million last year, a 62 per cent increase over the same period in 2007.

The company is offering dividend worth BD480,000, 70pc of paid-up capital to its shareholders.

Chairman Mubarak Kanoo said the companys profitability is at its highest level since it was launched 45 years ago, as the company managed to attract new ship owners in the Gulf area, our sister paper Akhbar Al Khaleej reported.


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