Kuwait’s Markaz turns profitable in fourth quarter

Kuwait-Mubasher: Kuwait Financial Centre (Markaz) reported profits worth around KWD 488,000 ($1.62 million) in the fourth quarter of 2015, against losses worth KWD 2.29 million ($7.6 million) in the same quarter of 2014.

The Kuwaiti company reported profits worth KWD 2.88 million during the fiscal year of 2015, 28.4% lower from KWD 4.02 million in 2014.

Markaz stock was inactive on Tuesday, following a loss of 1% on Monday. 

Mubasher Contribution Time: 01-Mar-2016 08:42 (GMT)