Mubasher: Kuwait National Cinema, also known as Cinescape, achieved an increase of 5.7% in earnings during the fourth quarter of 2018 compared to the same period last year.
Profits grew to KWD 1.3 million ($4.29 million) in Q4-18 from KWD 1.23 million ($4.06 million) in Q4-17, according to a bourse statement on Wednesday.
During fiscal year 2018, the entertainment company registered a decline of 18% in profits to KWD 8.34 million from KWD 10.17 million in FY17.
The decrease in annual income is attributed to a drop of 20% in gross profits, in addition to a decline of 78% in net profit from financial investments.
The board members of National Cinema have recommended 50% of the capital as cash dividends for FY18 or paying 50 fils per share.
