Kuwait-Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC) posted a decrease in its quarterly profits by 60.2%, according to a bourse statement.
Profits reached KWD 490,000 ($1.63 million) in the fourth quarter of 2015, compared KWD 1.23 million ($4.08 million) in the same period of 2014.
Annual profits went down 28.7% to KWD 1.54 million ($5.1 million) in 2015, compared to KWD 2.16 million ($7.16 million) in 2014.
The board proposed to distribute 6% cash dividends, equivalent to 6 fils per share, in addition to 25% bonus shares on a 25-for-100 basis.
KCPC rose 0.97% to reach 208 fils in early trades. Turnover on the stock reached KWD 1,030 after trading 5,000 shares.
