Kuwait-Mubasher: Kuwait Gypsum Manufacturing and Trading reported a year-on-year decline of 22.8% in profits for the fourth quarter in 2015, according to a recent statement.
The KSE-listed company posted profits worth about KWD 186,100 ($618,000) in Q4-15, compared to approximately KWD 240,900 ($800,000) in Q4-14.
During the fiscal year 2015, the company’s profits reached about KWD 271,100 ($901,566) as compared to nearly KWD 336,260 ($1.11 million) in 2014, a drop of 19.4%.
Kuwait Gypsum’s board on Sunday has recommended distributing cash dividends at5% of capital or 5 fils per share, with an overall value of KWD 150,000 ($498,837).
