Aqar’s Q4 profits increase 6%; dividends proposed

Kuwait-Mubasher: Aqar Real Estate Investments posted about KWD 769,840 earnings in Q4-15 as compared to nearly KWD 725,930 in Q4-14.

In FY15, the Kuwaiti company recorded KWD 2.49 million profits, compared to KWD 2.24 million in FY14, growth of 11.2%.

The board has proposed 6% cash dividends or 6 fils per share.

However, in Sunday’s trading session, Aqar stock retreated 6.25% or 5 fils to settle at 75 fils after one transaction was executed on 10,500 shares, with a value of KWD 788,000.

 

Mubasher Contribution Time: 31-Jan-2016 06:21 (GMT)