Aayan Real Estate’s FY15 profits down 12%

Kuwait-Mubasher: Aayan Real Estate posted net profits worth KWD 2.7 million in the fiscal year 2015 as compared to KWD 3.07 million in 2014, a decrease of 12%.

The company has succeeded to preserve its assets which stood at KWD 105.47 million in 2015, said CEO Ibrahim Alawady.

The shareholders’ equity reached KWD 76.19 million in FY15, compared to KWD 75.44 million a year earlier.

Aayan’s board has recommended cash dividends of 5 fils per share.

Mubasher Contribution Time: 08-Feb-2016 13:12 (GMT)