Mubasher: Yiaco Medical reported a profit of KWD 2.81 million ($9.2 million) during the fourth quarter of 2016 versus a loss of KWD 7.80 million ($25.5 million) in the same period of 2015.
During the fiscal year, earnings amounted to nearly KWD 395,760 against losses of KWD 7.05 million in FY15, according to a bourse statement issued on Wednesday.
The board members recommended zero dividends for the fiscal year ended on 31 December 2016.
At the stock level, Yiaco ended Wednesday’s session at 275 fils after 68 shares were exchanged at a value of KWD 18.7.
