Mubasher: Al Mazaya Holding achieved a rise of 31.7% in profits during the fourth quarter of 2016 as compared to the same period in 2015.
Earnings reached KWD 3.41 million ($11.16 million) in Q4-16 from KWD 2.59 million ($8.47 million) in Q4-15, according to a bourse filing issued on Monday.
Al Mazaya, which is listed on both Boursa Kuwait and Dubai Financial Market (DFM), reported a 10% growth in profits to KWD 10.25 million during the fiscal year of 2016 as compared to KWD 9.32 million in FY15.
The board members recommended a cash dividend of 8% or 8 fls per share for FY16, the statement added.
