National Petroleum Services (NAPESCO) News - Mubasher Info
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20 February 08:42 PM

National Petroleum Services (NAPESCO`R)

Last update: 19 February 01:29 PM market time.
1,434.00
535.00
59.51%
Open 1,599.00
Previous Close 899.00
High 1,599.00
Low 1,434.00
Stock Statistics
Volume 300
Turnover 433.50
All data are 15 minutes late during market session

News

The distribution date is 9 July 2020
18 June 2020 01:29 PM NAPESCO to distribute 70% dividends for 2019
Mubasher: The general assembly of the National Petroleum Services (NAPESCO) has approved the board of directors’ recommendation to distribute dividends to shareholders for 2019. The eligibility for the dividends will be for the shareholders …
General Assembly
Earnings per share (EPS) totalled 117.25 fils in 2019
4 March 2020 09:33 AM Napesco's profits dip 4% in 2019; dividends proposed
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 …
Board of Directors
The deal has a term of five years
19 February 2020 10:48 AM Napesco wins KWD 8m tender by KGOC, Saudi Arabian Chevron
Mubasher: National Petroleum Services (Napesco) was awarded a KWD 7.74 million ($25.4 million) tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Inc.   Under the five-year tender, Napesco will provide …
Companies Investments
Napesco may realise a profit margin of 12.5%
17 February 2020 09:38 AM Napesco seals KWD 110m deal with KOC
Mubasher: National Petroleum Services (Napesco) announced the signing of a tender contract worth KWD 109.6 million with Kuwait Oil Company (KOC) for the execution of operations and services on coiled tubing.   The five-year deal is expected to …
Companies Investments
Further details will be announced in due course.
12 February 2020 09:22 AM Napesco awarded KOC tender deal
Mubasher: National Petroleum Services (Napesco) has won a tender offered by Kuwait Oil Company (KOC) regarding the execution of coiled tubing operations and services.   The material impact of the deal will be advised after the conclusion of the …
Companies Investments
NAPESCO
1 August 2019 04:09 PM Napesco wins $22m contract from Kuwaiti, Saudi firms
Mubasher: National Petroleum Services (Napesco) has won a $22 million no-bidding contract for coiled tubing and nitrogen pumping and related services from Kuwait Gulf Oil Company and Saudi Arabian Chevron. The five-year contract will be effective …
Companies Investments
Napesco recorded a growth of 13.2% in H1 profits
25 July 2019 09:41 AM Napesco records KWD 4m profits in Q2-19 on higher sales
Mubasher: The National Petroleum Services (Napesco) achieved a year-on-year increase of 19.4% in profits during the second quarter of 2019. The profits grew to KWD 3.39 million ($11.17 million) in Q2-19 from KWD 2.84 million ($9.36 million) in …
Financial Results
Profits grew to KWD 2.37 million ($7.82 million) in Q1-19
5 May 2019 10:08 AM Napesco records 5.3% increase in Q1 profits
Mubasher: National Petroleum Services (Napesco) achieved a growth of 5.3% in profits during the first quarter of 2019 compared to the corresponding three months in 2018. Profits grew to KWD 2.37 million ($7.82 million) in Q1-19 from KWD 2.25 …
Financial Results
The dividends will be paid on 18 April
28 March 2019 03:24 PM Napesco nods to KWD 7m dividend for FY18
Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) approved the board’s recommendation to distribute 70% of the capital as cash dividend for fiscal year 2018. Napesco will pay 70 fils per share to the entitled …
Board of Directors
A profit margin up to 20% is expected to be realised from the two contracts
14 February 2019 03:40 PM Napesco wins KWD 60m tenders from KOC
Mubasher: National Petroleum Services (Napesco) has received a letter of award for two tender contracts offered by Kuwait Oil Company (KOC), according to a bourse statement on Thursday. The contracts are worth KWD 59.78 million distributed as KWD …
Companies Investments
Earnings grew to KWD 3.62 million ($11.93 million) in Q4-18
10 February 2019 10:41 AM Napesco’s profits grow 18% in FY18; dividends proposed
Mubasher: National Petroleum Services (Napesco) achieved an increase of 79.2% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings grew to KWD 3.62 million ($11.93 million) in Q4-18 from KWD 2.02 million …
Financial Results
This order will not impact the financial profile of Napesco
4 February 2019 02:38 PM Napesco receives KWD 1.8m order from KOC
Mubasher: National Petroleum Services (Napesco) announced receiving a change order from Kuwait Oil Co (KOC) to extend a contract. The change order will add KWD 1.8 million to the original contract’s value which will total KWD 20.18 million, …
Company News
The company expects a profit margin accounting for 10%
17 December 2018 04:40 PM Napesco wins $49m deal of joint operations
Mubasher: National Petroleum Services (Napesco) has received a direct letter of award for a contract valued at KWD 15 million ($49.4 million). The contract covers the joint operations of Kuwait Gulf Oil Co and Kuwait-based Saudi Arabian Chevron …
Companies Investments
Earnings decreased to KWD 3.09 million ($10.2 million) in Q3-18
31 October 2018 00:03 PM Napesco posts KWD 3m profits in Q3
Mubasher: National Petroleum Services (Napesco) posted a decline of 22.2% in profits during the third quarter of 2018, compared to the same period a year ago. Earnings decreased to KWD 3.09 million ($10.2 million) in Q3-18 from KWD 3.97 million …
Financial Results
Earnings increased to KWD 2.84 million ($9.4 million) in Q2-18
24 July 2018 11:05 AM Napesco H1 profits grow 26% on higher sales
Mubasher: National Petroleum Services (Napesco) achieved a surge of 65.1% in profits during the second quarter of 2018 compared to the same period in the previous year. Earnings increased to KWD 2.84 million ($9.4 million) in Q2-18 from KWD 1.72 …
Financial Results
The company’s consolidated profits reported an increase of 5% to KWD 52.15m
2 July 2018 00:39 PM Qurain gets exceptional dividends on Napesco reclassification
Mubasher: Qurain Petrochemical Industries has accomplished new investments in the fiscal year that ended on 31 March 2018 that resulted in achieving a net profit of KWD 35.2 million, which is 14% higher than KWD 30.76 million in the corresponding …
Companies Investments
Qurain has bought this stake for 737 fils per share
27 May 2018 01:34 PM Qurain Petrochemical buys 4,700 shares in Napesco
Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased 4,700 shares in Napesco during the trading activity of Thursday. Qurain has bought this stake for 737 fils per share totalling about KWD …
Trading Activities
The value of the acquired stake stands at 730 fils per share
23 May 2018 00:12 PM Qurain Petrochemical raises stake in Napesco
Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased 9,900 shares in Napesco during the trading session on Tuesday. The value of the acquired stake stands at 730 fils per share or a total …
Trading Activities
Qurain has purchased the equity with an average price of 750 fils per share
22 May 2018 10:59 AM Qurain Petrochemical buys stake in Napesco
Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased about 151,900 shares in Napesco during the trading activity on Monday. Qurain has purchased the equity with an average price of 750 fils …
Trading Activities
Qurain Petrochemical has bought 626,000 shares in Napesco
16 May 2018 01:14 PM Qurain Petrochemical buys stake in Napesco
Mubasher: National Petroleum Services (Napesco) announced that Qurain Petrochemical Industries has purchased an equity in Napesco during the trading session on Tuesday. Qurain Petrochemical has bought 626,000 shares in Napesco at a value of 750 …
Trading Activities
Earnings narrowed to KWD 2.25 million ($7.47 million) in Q1-18
14 May 2018 00:20 PM Napesco posts KWD 2m profits in Q1
Mubasher: National Petroleum Services (Napesco) registered a decline of 2.6% in profits during the first quarter of 2018 compared to the same period in the prior fiscal year. Earnings narrowed to KWD 2.25 million ($7.47 million) in Q1-18 from KWD …
Financial Results
The Kuwaiti company is interested in entering the Bahraini market
8 April 2018 00:11 PM Kuwait NAPESCO eyes Bahraini market
Mubasher: National Petroleum Services Company (NAPESCO) plans to consider some merger offers from Kuwaiti firms in the field of oil drilling and production in the local market. NAPESCO has all related instruments and technologies, a source …
Macroeconomics
Napesco will pay 60 fils per share as a cash dividend for FY17
15 March 2018 00:38 PM Napesco’s shareholders nod to 60% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) on Wednesday approved the board’s recommendation to distribute 60% of capital as cash dividends for fiscal year 2017. Napesco will pay 60 fils per share as a …
Cash Dividends
Napesco’s capital stands at KWD 10 million
11 March 2018 04:35 PM Qurain Petrochemical continues to buy stake in Napesco
Mubasher: Qurain Petrochemical Industries has purchased 4,539 shares in the National Petroleum Services (Napesco) during Thursday’s session. This equity is valued at about KWD 3,630 or 800 fils per share, according to a bourse statement on Sunday. …
Companies Investments
Napesco has a capital of KWD 10 million
7 February 2018 03:52 PM Qurain Petrochemical buys stake in Napesco for 784 fils/shr
Mubasher: Qurain Petrochemical Industries has purchased about 64,440 shares in National Petroleum Services (Napesco) during Tuesday’s trading session. On a bourse statement on Wednesday, the purchase transaction was executed at an average price of …
Trading Activities