Kuwait-Mubasher: Amwal International Investment’s losses decreased by 87% to reach about KWD 126,300 ($420,870) in the fourth quarter of 2015 as compared to KWD 1 million ($3.34 million) in the corresponding period in 2014.
During the fiscal year 2015, the company turned profitable when it achieved KWD 112,800 ($374,951) earnings, against KWD 481,370 ($1.60 million) losses in 2014.
The board has recommended no dividends for the fiscal year ended 31 December, 2015.
