Safwan Trading and Contracting recorded a decline of 7% in its earnings during the fiscal year of 2014.

Safwan posted a net profit of KWD 2.47 million (about $8.3 million) in 2014, compared to KWD 2.65 million (about $8.9 million) in 2013.

The board of directors proposed no dividends for the fiscal year 2014.

The firm has previously registered earnings worth around KWD 965,390 in Q4-2014 against around KWD 801,050 in Q4-2013, rising by 21%.