Kuwait-Mubasher: Aayan Leasing and Investment registered a 66.3% drop in profits for the fourth quarter of 2015 as compared to Q1-14, according to a bourse statement.
The KSE-listed firm posted around KWD 67,700 ($224,700) earnings in Q4-15, compared to KWD 200,700 ($666,200) in Q4-14.
During the fiscal year 2015, Aayan Leasing fell into a 27.5% decline in profits which stood at KWD 7.07 million ($23.5 million) as compared to KWD 9.75 million ($32.41 million) in FY14.
The board has recommended no dividends for the fiscal year 2015, subject to the approval of shareholders.
As its stock suspension in March was lifted recently, Aayan gained 2.53% two hours after Tuesday’s session started, with 9.8 million shares changing at about KWD 392,600.
