22 March 2007
The shareholders of the Bahrain Flour Mills (BFM) at an annual general assembly held yesterday at the company's premises in Mina Salman approved the payout of the cash dividend equal to 18 per cent of paid-up capital.
The total assets of the firm decreased slightly to BD 15.34 million from BD 16.29 million in 2005 while basic diluted earnings showed an upward trend rising to 43 fils per share compared with 33.4 fils in 2005.
The Chairman board of directors Ali bin Yusuf Fakhro led the meeting and told the shareholders that the BFM saw a net profit of BD1.1 million in 2006 compared woth BD 790,000 a year earlier, an incarese of 29 per cent due to increase due increase in operating profit of BD 365000. The chairman said the new wheat silos project for stocking of wheat with an additional capacity of 25,000 tonnes at a cost of BD5 million. During the year 2005, the Chairman said, the directors got BD 48,000 as remuneration.
The shareholders of the Bahrain Flour Mills (BFM) at an annual general assembly held yesterday at the company's premises in Mina Salman approved the payout of the cash dividend equal to 18 per cent of paid-up capital.
The total assets of the firm decreased slightly to BD 15.34 million from BD 16.29 million in 2005 while basic diluted earnings showed an upward trend rising to 43 fils per share compared with 33.4 fils in 2005.
The Chairman board of directors Ali bin Yusuf Fakhro led the meeting and told the shareholders that the BFM saw a net profit of BD1.1 million in 2006 compared woth BD 790,000 a year earlier, an incarese of 29 per cent due to increase due increase in operating profit of BD 365000. The chairman said the new wheat silos project for stocking of wheat with an additional capacity of 25,000 tonnes at a cost of BD5 million. During the year 2005, the Chairman said, the directors got BD 48,000 as remuneration.
© Bahrain Tribune 2007
