Kuwait – Mubasher: Eyas for Higher and Technical Education reported positive financial results for the fiscal year ended on 31 August 2016, according to a bourse filing.
In the fourth quarter, the company earned KWD 703,950 ($2.32 million) higher 16.5% year-on-year from KWD 604,330 ($1.99 million).
On an annual basis, net profit increased 23.6% year-over-year to KWD 4.76 million from KWD 3.85 million.
The board of directors recommended paying out cash dividends for the fiscal year at 35 fils a share, or 35% of the stock's nominal value.
