Kuwait-Mubasher: The financial statements of Kuwait Resorts showed a drop of 39.7% in net profits for the fourth quarter in 2015 as compared to the same period in 2014, according to a bourse statement posted Tuesday.
The company’s Q4 earnings stood at about KWD 645,740 ($2.15 million), down from KWD 1.07 million ($3.57 million) in Q4-14.
The company also posted KWD 3.17 million profits for 2015, a rise of 1.9% compared to KWD 3.11 million in the previous fiscal year.
The board of directors recommended a distribution of cash dividends for FY15 at 5% or 5 fils per share.
