Kuwait-Mubasher: Al Mudon International Real Estate posted losses worth about KWD 744,050 in the fourth quarter of Q4-15, compared to nearly KWD 6,880 in Q4-14; an increase of 108%.
Meanwhile, the company’s financial statements turned negative during the fiscal year 2015 when it posted about KWD 940,590 losses against earnings worth nearly KWD 297,470 in FY14.
The board has recommended withholding dividends for the fiscal year 2015.
On the stock market’s level, Al Mudon retreated 1.61% to reach 30.50 fils.
