Kuwait-Mubasher: Kuwait Real Estate Holding (Al-Aqaria) posted a 72.2% year-on-year decline in profits for the fourth quarter in 2015 to about KWD 133,240 ($442,090).
It yielded profits of KWD 479,640 ($1.59 million) in Q4-14.
The company posted about KWD 171,680 earnings during the fiscal year 2015, 75.2% lower from KWD 692,260 in FY14.
The board recommended freezing dividends for FY15, the same proposal for FY14.
Al-Aqaria’s stock gained 8.33% to end Tuesday’s session at 19.5 fils after about 864,600 shares were exchanged with a value of around KWD 16,700.
