National Investments Q4 financials turn negative

Kuwait-Mubasher: National Investments reported losses worth KWD 8.12 million ($26.9 million) in the fourth quarter of 2015, against earnings worth KWD 1.6 million ($5.39 million) in the same quarter of 2014.

The Kuwaiti company posted losses worth KWD 5.57 million during the fiscal year of 2015, against profits worth KWD 6.67 million in the previous year, according to a bourse statement.

The board of directors has recommended withholding dividends for the fiscal year ended 31 December, 2015.

National Investments stock ended Tuesday’s trading session at 77 fils.

 

Mubasher Contribution Time: 01-Mar-2016 12:04 (GMT)