Kuwait-Mubasher: Danah Al Safat Foodstuff achieved profits worth nearly KWD 1,060 ($3,500) in the fourth quarter of 2015, against losses worth around KWD 582,850 ($1.93 million) in the same quarter of 2014, according to a recent statement.
The company’s profits decreased by 78% to reach approximately KWD 102,720 ($340246) during the fiscal year of 2015 as compared to around KWD 458,580 ($1.518 million) in 2014.
Danah Al Safat’s board proposed freezing dividends for FY15.
On the stock market’s level, Danah Al Safat retreated 3.95% or 3 fils to 73 fils on Thursday.
