Mubasher: The Boursa Kuwait-listed National Industries registered an increase of 23.3% during fiscal year 2018 compared to the prior year.
Earnings increased to KWD 3.97 million in FY18 from KWD 3.22 million in FY17, according to a bourse statement on Wednesday.
In the fourth quarter of 2018, National Industries posted a decline of 41.6% in profits to KWD 894,000 ($2.95 million) compared to KWD 1.53 million ($5.05 million) in the corresponding period a year ago.
The board members of National Industries recommended distributing 10% of capital as a cash dividend for FY18 or 10 fils per share at a total value of KWD 3.49 million.
At the stock level, National Industries closed Wednesday’s session at 189 fils.
