Kuwait – Mubasher: Educational Holding posted a growth of 30.1% in profits for the fourth-quarter period ended on 31 August, 2016.
Net earnings reached KWD 1.14 million ($3.73 million) in the fourth quarter this year as compared to about KWD 876,510 ($2.87 million) in the same period a year ago, according to a bourse statement issued on Wednesday.
During the fiscal year ended on 31 August, 2016, profits declined by 14.7% to KWD 4.69 million from KWD 5.5 million a year ago.
In the board meeting held on Tuesday, the members recommended to distribute 15% cash dividends of the capital by 15 fils per each share.
Educational Holding Group’s board has appointed Sufyan Mohamed Adnan as the CEO of the company, the statement noted.
