Kuwait-Mubasher: Abyaar Real Estate Development suffered losses in the fourth quarter of 2015 against earnings in the same period of 2014, according to a recent statement.
The company posted losses worth about KWD 27,800 ($72,010) in Q4-15, against profits worth approximately KWD 267,900 ($889,000) in Q4-14.
Abyaar also registered losses of around KWD 21,700 ($72,074) in the fiscal year 2015, against profits of about KWD 755,100 ($2.507 million) in FY14.
The board has recommended withholding dividends for FY15.
Abyaar stock rose 2.04% to settle at 25 fils on Wednesday, after 1.73 million shares were exchanged with a total value of KWD 43,300.
