Mubasher: Bahrain Kuwait Insurance reported a 3% slide in net profit for the fourth quarter of 2015 to BHD520,000 ($1.38 million) compared with BHD536,000 ($1.42 million) in same quarter of 2014.
The company’s profits fell to BHD2.70 million during 2015, from BHD4.24 million in 2014.
The board of directors proposed the distribution of cash dividends for 2015 at 30% of capital or 30 fils per share. The company earlier paid FY14 dividends at35% or 35 fils per share.
The insurance company is capitalised at BHD7.15 million distributed into 71.5 million shares with a nominal value BHD0.1 per share.
Financial statements for the first nine months of 2015 previously showed a decline by 41% to BHD 2.18 million ($5.7 million), compared to BHD3.7 million ($9.7 million) during the same period of 2014.
