Kuwait-Mubasher: Nafais Holding Company posted a 54.5% growth in its quarterly profits, according to a bourse statement.
Profits reached KWD 78,000 ($258,600) in the fourth quarter of 2015, compared to KWD 50,500 ($167,400) in the same period of 2014.
Annual profits declined 26.5% to KWD 4.85 million ($16.07 million) in 2015, compared to KWD 6.6 million ($21.87 million) in 2014.
The board recommended cash dividends at 10% of the shares’ par value, equivalent to 10 fils per share.
Nafais declined 1.37% to 144 fils after two hours of trading. Turnover on the stock reached KWD 2,900 after the exchange of 20,100 shares.
