Kuwait-Mubasher: The Securities House suffered a year-on-year increase of 102.8% in losses for the fourth quarter in 2015, according to a recent statement.
The Kuwait-listed firm posted losses worth KWD 2.01 million ($6.66 million) in Q4-15, compared to KWD 991,000 ($3.28 million) in Q4-14.
Over the fiscal year 2015, Securities House achieved profits worth KWD 1.19 million ($3.95 million) as compared to KWD 3.03 million ($10.05 million) in FY14, a decline of 60.7%.
The board will hold a meeting on Wednesday to with the agenda including the company’s financial statements and dividends for FY15.
The stock rose by 5% to 42 fils after an hour from starting Wednesday’s session, as 3.36 million shares were traded with a value of nearly KWD 139,640.
