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National Detergent reveals financials, dividend proposal

National Detergent reveals financials, dividend proposal
Photo Credit: Arabianeye-Reuters
NDC
NDTI
2.19% 0.70 0.01

 

The Board of Directors of National Detergent has approved the company’s financials for 2014. The firm had reported a net profit of OMR 809.2 thousand against OMR 1.1 million, registering a profit drop by 23.4%.

The Board recommended a cash dividend of 40% of capital or OMR 0.40 per share to shareholders. These dividends are subject to the approval of the ordinary general meeting (OGM), which is slated for March 15, 2015.