Kuwait-Mubasher: Al Mal Investment posted losses worth KWD 2.31 million ($7.64 million) in the fourth quarter of 2015, 32.8% higher from Q4-14 when it registered KWD 1.74 million ($5.75 million) in Q4-14, according to a statement.
The KSE-listed firm’s financials turned profitable by the end of the fiscal year 2015 when it posted KWD 6.26 million ($20.73 million) profits against losses worth KWD 4.81 million ($15.93 million) in FY14.
Al Mal’s board recommended withholding dividends for FY15.
On KSE’s level, Al Mal stock grew 1.49% in the mid-session of Wednesday, after 2.68 million shares were traded with a value worth about KWD 91,340.
