KUWAIT, March 19 (KUNA) — National Petroleum Services Company (NAPESCO) announced KD 6.8 million (approx. USD 20.6 million) net profits for the year 2022, compared to last year’s KD 4.8 million (approx. USD 14.5 million), up 41 percent.

In a disclosure published on Boursa Kuwait’s website, NAPESCO stated that 2022’s earnings per share reached 70.3 fils, compared to 2021’s 49.8 fils, up 41 percent.

The company’s board of directors recommended distributing a cash dividend of 50 fils per share.

NAPESCO was founded in 1993 and listed on Boursa Kuwait in 2003, with an authorized capital of KD 10 million (approx. USD 30.3 million). (end) mka.ht.hs

Source: Kuwait News Agency