Kuwait – Mubasher: City Group Company posted 6.8% growth in net profit for the fourth quarter of 2015 to KWD 1.93 million ($6.3 million), from KWD 1.81 million ($6 million) in the prior-year period.
Net profit for FY15 amounted to KWD 7.197 million ($23.7 million), up 20.7% year-on-year from KWD 5.964 million ($19.8 million).
The company’s board of directors proposed the distribution of cash dividends at 60% of stock par value.
