Kuwait-Mubasher: Al Imtiaz Investment Group registered a 68.4% decrease in profits of the fourth quarter in 2015 as compared to the same period in 2014.
The Kuwaiti company posted profits worth KWD 1.6 million ($5.4 million) in Q4-15, compared to KWD 5.15 million ($17.1 million) in Q4-14.
The investment group achieved a 70.4% increase in profits during the fiscal year 2015 when it posted KWD 10.5 million as compared to KWD 6.16 million in 2014.
Al Imtiaz board has recommended a distribution of 6% cash dividends or 6 fils per share for the fiscal year 2015.
The ocmpany’s stock ended Tuesday’s trading session at 75 fils.
