Kuwait-Mubasher: Ajial Real Estate Entertainment reported 20% increase in losses during the fourth quarter of 2015, while the company’s profits soared 19% by the end of the fiscal year 2015.
Ajial’s losses stood at KWD 1.15 million ($3.7 million) in Q4-15, compared to about KWD 958,490 ($3.15 million) in Q4-14.
Meanwhile, the company registered about KWD 760,290 profits in FY15 from around KWD 636,390 in FY14.
The board has recommended withholding dividends for FY 2015.
