Kuwait-Mubasher: Yiaco Medical posted losses worth KWD 7.8 million ($25.9 million) in the fourth quarter of 2015, against profits worth nearly KWD 268,900 ($892,300) in the corresponding period of 2014.
Also, the company incurred losses of KWD 7.05 million ($23.42 million) during the fiscal year of 2015, against earnings worth KWD 2 million ($6.64 million) a year earlier.
The board has proposed freezing dividends for FY15, the same recommendation for 2014.
Yiaco stock fell by 4.85% to 196 fils, two hours after Wednesday’s session started, as 326,000 shares were traded with a value of about KWD 63,900.
