Kuwait-Mubasher: Alargan International Real Estate suffered losses worth KWD 7.62 million ($25.19 million) in the fourth quarter of 2015, against profits worth KWD 2.94 million ($9.72 million) in the same period of 2014, the company said in a statement.
During the fiscal year 2015, the company achieved profits worth KWD 16.73 million ($55.39 million), 259% higher from KWD 4.66 million ($15.43 million) in FY14.
Alargan’s board recommended payment of 10% cash dividends of capital or 10 fils per share for 2015, 10% less than that of 2014.
On the stock market, Alargan settled at 186 fils half an hour before closing Wednesday’s session, as 10 shares were traded with a value of KWD 2.
