Kuwait-Mubasher: Kuwait Real Estate’s profits fell by 58.6% to KWD 1.38 million ($4.56 million) in the fourth quarter of 20105 as compared to KWD 3.33 million ($11.01 million) in the same quarter of 2014.
The real estate firm posted profits worth KWD 4.25 million ($14.08 million) during the fiscal year 2015, 40.4% lower from KWD 7.13 million ($23.62 million) in 2014.
The board of directors recommended not to distributing dividends for the fiscal year 2015.
On KSE’s level, the stock leveled down by 1.85% to 53 fils on Thursday, after 2.2 million shares were traded, with a value worth about KWD 118,000.
