Kuwait-Mubasher: Kuwait Building Materials Manufacturing (KBMMC) posted a decline of 33.1% in profits of the fiscal year 2014/15 as compared to a year earlier.
The company achieved about KWD 446,940 ($1.47 million) earnings, compared to around KWD 668,360 ($2.19 million).
The increase in raw materials prices and transportation fees along with the declining sales caused the decrease in profits, according to a bourse filing.
Nonetheless, the board of directors has recommended 10% or 10 fils per share as cash dividends.
