Mubasher: National International Holding suffered losses of KWD 334,000 ($1.1 million) during the fourth quarter of 2016 versus profits of nearly KWD 523,780 ($1.72 million) in the corresponding period of the prior year.
During the fiscal year, earnings leapt 699.4% to reach KWD 2.52 million from about KWD 315,220 in FY15, according to a bourse statement issued on Sunday.
The board members recommended zero dividend payout for the fiscal year.
At the stock level, National International ended Sunday’s session 1.33% higher at 76 fils at Boursa Kuwait; meanwhile, the stock has been suspended from trading at Dubai Financial Market (DFM).
