Kuwait-Mubasher: Housing Finance’s (Iskan) profits shrank 48% year-on-year for the fourth quarter of 2015 to about KWD 145,200 ($482,200), according to a recent statement.
Iskan’s profits reached nearly KWD 277,800 ($922,500) in Q4-14.
During the fiscal year 2015, the Kuwaiti company posted earnings worth KWD 1.1 million ($3.66 million) as compared to nearly KWD 592,700 ($1.97 million) in FY14, an increase of 85.6%.
The board members recommended freezing dividends for FY15.
Iskan stock settled at 29 fils, an hour before the end of Monday’s session, as 3.04 million shares were traded with a value of about KWD 88,200.
