Kuwaiti telco Future’s Q4 profits inch up; delisting proposed

Kuwait-Mubasher: Future Communications Global reported 0.14% growth in earnings for the fourth quarter in 2015 to about KWD 141,500 ($38,400) as compared to 141,300 ($38,300) in the same period in 2014, according to a bourse statement.

The Kuwaiti company achieved profits worth about KWD 874,500 during the fiscal year 2015, 12.6% higher from KWD 776,700 a year earlier.

The board has recommended a distribution of cash dividends of 10% or 10 fils per share for the fiscal year 2015.

Also, the board of directors has recommended a voluntary withdrawal from the Kuwait Stock Exchange (KSE), due to weak trading activity on the stock. 

Mubasher Contribution Time: 16-Feb-2016 05:50 (GMT)