Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) reported a drop of 67.2% in profits during the fourth quarter of 2016 when compared to the same period a year ago.
Earnings declined to KWD 1.22 million ($4 million) in Q4-16 from KWD 3.72 million ($12.17 million) in Q4-15, according to a bourse filing issued on Thursday.
During the fiscal year of 2016, profits decreased to KWD 40.35 million from KWD 42.81 million in FY15.
The board members recommended a cash dividend of 12% or 12 fils per share and 8% bonus shares or 8-for-100 shares, the bank added.
