Mubasher: Kuwait’s Real Estate Trade Centers (Marakez) on Sunday reported a 0.15% year-on-year growth in profits in the fourth quarter of 2018.
Marakez’ profits amounted to KWD 100,880 ($332,300) in Q4-18, up from KWD 100,730 ($331,810) during Q4-17, according to a statement to Boursa Kuwait.
From January to December 2018, the company’s profits fell 11.3% to KWD 15,520, compared to KWD 17,500 a year earlier.
On Saturday, Marakez’s board of directors recommended not to distribute cash dividends for the fiscal year 2018.
