Mubasher: Kuwait Finance and Investment (KFIC) suffered a loss of KWD 10,000 ($32,740) during the fourth quarter of 2016 versus a net profit of about KWD 269,000 ($880,640) in the same period a year ago.
During fiscal year 2016, earnings shrank by 78.5% to total about KWD 212,000 when compared to KWD 986,000 in the previous fiscal year.
The board members recommended zero dividends for fiscal year 2016.
