Mubasher: Kuwait Investment achieved profits worth KWD 2.044 million ($6.69 million) during the fourth quarter of 2016 against losses of KWD 398,000 ($1.3 million) in the same period of 2015.
During the fiscal year, earnings surged 163.4% to total KWD 3.98 million from KWD 1.51 million in FY15, according to a bourse statement issued on Tuesday.
The board members recommended a cash dividend of 7% or 7 fils per share for FY16.
