Kuwait's Al Tijari posts 12% profit decline for Q4

Kuwait-Mubasher: The Commercial Bank of Kuwait (Al Tijari) reported net earnings of KWD 20.8 million for the fourth quarter of 2015, down 12% compared with KWD 23.8 million in the same period last year.

Full-year net income also fell 6% year-on-year to KWD 46.2 million from KWD 49.1 million.

The board recommended 13% cash dividends for FY15 at 13 fils a share and 6% bonus share distribution at 6-for-100.

  

Mubasher Contribution Time: 30-Jan-2016 08:30 (GMT)