Kuwait-Mubasher: Gulf Glass Manufacturing (GGMC) posted about KWD 391,700 ($1.3 million) earnings in the fourth quarter of 2015, compared to around KWD 478,900 ($1.6 million) in the same quarter of 2014, a decline of 18.2%, according to a bourse statement.
During the fiscal year 2015, however, the Kuwaiti company achieved KWD 2.34 million profits as compared to KWD 1.83 million in 2014, an increase of 27.9%.
The board has recommended 25% cash dividends or 25 fils per share payout, and 10% bonus shares at 10-for-100.
