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ASC announces 2014 financial results
Wednesday, May 13, 2015

ASC Chairman Engineer Hadeel Al-Ghunaim stated that the company continues to lead GDS Market in Kuwait by acquiring 46.52% of total Market share.

She added that Amadeus market share jumped by 1.75% compared to the previous year.

This statement by Eng. Al-Ghunaim came during Automated Systems Company annual General Assembly, in which she revealed company’s 2014 financial results.

ASC announced net profit of KWD 1.498 million for the year 2014.

Eng. Al-Ghunaim assured that ASC will keep investing in Projects and Acquisitions to diversify company’s source of revenues. She stated that in the year of 2015 and beyond, ASC will witness an operational expansion as part of a plan to implement the commitments of Board of Directors and company’s management to ensure future development in order to increase the profits for shareholders and to provide products and services that contribute to the development of the Information Technology sector and to fulfill the needs of the customers in Kuwait.

The General Assembly approved distribution of 25% cash dividend, namely 25 fills per share, and share dividend of 25%, namely 25 shares for every 100 shares to shareholders, for the financial year ending 31/12/2014.

 

  • ASC Chairperson Eng. Hadeel Al-Ghunaim and ASC CEO Mr. Ali Al-Bader