Kuwait-Mubasher: Al Kout Industrial Projects achieved a profits rise of as much as 507.7% to KWD 2.04 million ($6.75 million) in the fourth quarter, according to a statement.
The company netted about KWD 335,700 ($1.11 million) in Q4-14.
During the fiscal year 2015, Al Kout’s earnings reached KWD 5.3 million as compared to KWD 4.95 million in FY14, an increase of 7.1%.
Al Kout’s board members have recommended payment of cash dividends at 40% of capital or 40 fils per share.
Shareholders proposed distributing 4% bonus shares at 4-for-100.
