Kuwait-Mubasher: National Industries Group Holding reported a year-on-year decline of 16.5% in profits for the fourth quarter in 2015, according to a bourse statement.
The company, which is listed in Kuwait and Dubai, posted earnings worth KWD 15.58 million ($51.57 million) in Q4-15 as compared to KWD 18.66 million ($61.76 million) in Q4-14.
During the fiscal year, the company achieved profits worth KWD 25.43 million as compared to KWD 28.28 million in FY14, a drop of 10.1%.
The board has recommended distribution of 10% cash dividends or 10 fils per share.
On Thursday’s trading session, National Industries stock grew 1.72% to 118 fils in the Kuwaiti bourse, and stayed flat in DFM.
