Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC) achieved a growth of 33.1% in profits during the fourth quarter of 2016 as compared to the same period of 2015.
Earnings increased to KWD 652,000 ($2.13 million) in Q4-16 from KWD 490,000 ($1.6 million) in Q4-15, according to a bourse filing issued on Wednesday.
During the fiscal year, profits shrank by 22.1% to total KWD 1.2 million from KWD 1.54 million in FY15.
KCPC’s board members recommended a cash dividend of 5% or 5 fils per share, the statement said.
