Kuwait-Mubasher: Kuwait Finance and Investment (KFIC) achieved profits worth about KWD 269,050 ($889,400) in the fourth quarter of 2015, against losses worth around KWD 212,690 ($703,100) in Q4-14.
During the fiscal year, KFIC reported profits worth nearly KWD 985,670 ($3.26 million) as compared to KWD 1.61 million ($5.33 million) in 2014; a decline of 39%.
The board has recommended withholding dividends for FY15.
On KSE’s level, KFIC rose by 1.335% to 37.5 fils at 10:15 am Kuwait local time on Thursday.
