Press Release

  • BPC Board Approves Annual Financial Statements and Recommends Cash Dividend of 45% for the Annual Period Ending April 30, 2013 - Wednesday, May 15, 2013

    We are pleased to announce that the Boubyan Petrochemical Company’s Board of Directors met on the afternoon of Monday (May 13, 2013), where they approved the annual consolidated financial statements of the Company for the year ending April 30 2013 and in accordance with the following:

     

    The results of the Company:

     

    Item for the year ending

    April 30, 2013

    April 30, 2012

    Profit (Loss) (K.D.)

     26,213,810

    24,709,745

    EPS (Fils)

              54.68

              51.14

    Total Current Assets

    143,423,842

    152,599,759

    Total Assets

    411,435,165

    428,364,307

    Total Current Liabilities

      33,831,301

     40,024,554

    Total Liabilities

    131,251,948

    148,544,400

    Total Shareholders’ Equity

    278,718,501

    278,449,132

     

    Total revenues from transactions with related parties amounted to KD 1,067,004.

    Total expenses from transactions with related parties amounted to KD 174,634.

     

    Dividend Proposed:

     

    The Board of Directors recommended distributing for the annual period ending April 30, 2013 to shareholders registered as of the general assembly the following:

     

    Cash dividends of 45% of the nominal value of the shares, or 45 fils per share.

     

    Please note that their recommendations are subject to the approval of the General Assembly and the relevant authorities.