Mubasher: Oula Fuel Marketing registered an increase of 6.4% in profits during fiscal year 2018 compared to the prior year.
Earnings grew to KWD 3.81 million in FY18 from KWD 3.58 million, according to a bourse disclosure on Wednesday.
During the fourth quarter of 2018, Oula Fuel posted a decline of 40.6% in profits to KWD 267,000 ($880,420) when compared to KWD 449,000 ($1.48 million) in the corresponding quarter in 2017.
The board members of Oula Fuel have recommended 5% of the share’s capital as cash dividends for FY18 or 5 fils per share.
