Kuwait’s KGL makes lower profits in Q4

Kuwait-Mubasher: Kuwait and Gulf Link Transport (KGL) posted profits worth KWD 2.08 million ($6.88 million) in the fourth quarter of 2015 as compared to KWD 2.13 million ($7.05 million) in Q4-15, a decrease of 2.4%.

The company’s profits grew 120% to KWD 2.14 million during the fiscal year 2015 as compared to about KWD 972,560 in FY14.

KGL’s board recommended withholding dividends for FY15. 

Mubasher Contribution Time: 24-Mar-2016 13:41 (GMT)