Kuwait-Mubasher: Kuwait Cement reported profits worth KWD 3 million ($9.96 million) in the fourth quarter of 2015, compared to KWD 3.24 million ($10.76 million) in Q4-14, a decline of 7.7%.
During the fiscal year 2015, the company’s profits reached KWD 19.3 million ($64.18 million) as compared to KWD 17.32 million ($57.6 million) in FY14, an increase of 11.4%.
The board has recommended a payment of 20% cash dividends or 20 fils per share.
Kuwait Cement’s stock was last traded on Sunday when it reached 375 fils.
