Kuwait-Mubasher: Mabanee Company posted earnings worth KWD 11.913 million ($39.78 million) in the fourth quarter of 2015, compared to KWD 11.912 million ($39.77 million) in the same quarter of 2014.
During the fiscal year of 2015, the Kuwaiti company achieved a slight rise of 0.71% to KWD 48.52 million in profits as compared to KWD 48.18 million in 2014.
The board of Mabanee has recommended a distribution of 10% cash dividends as well as 5% bonus shares, subject to the shareholders’ approval.
Mabanee stock ended Wednesday’s trading session up 1.16% to 870 fils, after 916,000 shares were exchanged with a value of about KWD 798,400.
