Kuwait-Mubasher: Kuwait Telecommunication (Viva) posted 9% decline in earnings for the fourth quarter of 2015.
Viva’s profits amounted to KWD 10.1 million ($33 million) in Q4-15 as compared to KWD 11 million ($36.3 million) in Q4-14.
By the end of the fiscal year 2014/15, the operator reported KWD 43 million ($140.9 million) profits which were 6% higher than KWD 40.4 million ($132.39 million) a year earlier.
Viva’s board has recommended withholding dividends for FY15.
