Kuwait-Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) posted a 32% decline in profits to approximately KWD 912,500 ($3.03 million) in the fourth quarter last year.
Its profits stood at KWD 1.34 million ($4.45 million) in Q4-14.
In the fiscal year 2015, the company achieved KWD 4.66 million ($15.48 million) profits, 82.8% higher from KWD 2.55 million ($8.47 million) a year earlier.
The board has recommended a payment of 5% cash dividends or 5 fils per share as well as 5% bonus shares at 5-for-100.
HEISCO stock gained 4.23% or 6 fils to settle at 148 fils by the end of Wednesday’s trading session, after nearly 22,100 shares were exchanged with a total value of about KWD 3,160.
