Bahrain Car Park (CPARK) board proposed distributing 10% of stock par value (22.472 fils per share) cash dividends for shareholders of record on general meeting date.
However, this proposal is subject to approval of shareholders and competent authorities. The company announced on Monday that it posted BHD 841.000 profit for the fiscal year ending December 31, 2013.
The profit reflects 7% increase compared with BHD 786.500 profit in the same period a year earlier.
Bahrain Car Park said in a filing to Bahrain Stock Exchange that operating profit hits BHD 874.500 during 2013, compared with BHD 731.300 for 2012.
The company’s earnings per share (EPS) in 2013 reached 12 fils, compared with 11 fils a year earlier.