Kuwait-Mubasher: Hayat Communications saw 31.3% growth in its profits during the fourth quarter of 2015, according to a bourse statement.
Profits amounted to KWD 139,000 ($460,100) in Q4-15, compared to KWD 105,900 ($350,600) in Q4-14.
The telco’s profits in 2015 stood at KWD 182,800 ($607,714) , a 126% increase from KWD 80,900 ($268,950) in 2014.
The profit growth is mainly attributed to a KWD 2.94 million rise in revenues on an annual basis.
The board proposed not to distribute dividends for 2015.
