Kuwait-Mubasher: Gulf Investment House reported profits worth about KWD 303,400 ($1 million) in the fourth quarter of 2015, against losses worth KWD 1.28 million ($4.22 million) in Q4-14.
Meanwhile, the company posted losses worth KWD 6.09 million ($20.18 million) during the fiscal year 2015, 273.6% higher from 2014 when it posted KWD 1.63 million ($5.4 million).
The company’s board will hold a meeting to approve the financial statements and recommend dividends for FY15.
On the stock market, Gulf Investment House settled at 25 fils during the mid-session on Tuesday, after nearly 24,500 shares were exchanged with a value of about KWD 587.
