Mubasher: Khaleeji Commercial Bank (KCB) reported on Thursday a decrease of 24.7% in its profits for the fourth quarter of fiscal 2016 to BHD 730,000 ($1.952 million), versus BHD 970,000 ($2.55 million) for Q4-15.
Annual profits shrank 24.3% to BHD 5.31 million for fiscal 2016 from BHD 7.01 million for fiscal 2015, according to a statement.
Earnings per share amounted to 5.49 fils for 2016, compared to 9.96 fils for 2015.
The bank’s board recommend not to distribute cash dividends for 2016.
