Kuwait-Mubasher: Kuwait Cable Vision suffered losses worth KWD 41,000 ($136,100) in the fourth quarter of 2015, against profits worth nearly KWD 12,300 ($40,800) in Q4-14, the company said in a recent statement.

During the fiscal year, the company’s earnings reached nearly KWD 138,100 ($459,263), against losses worth KWD 126,800 ($421,684) in 2014.

The board has recommended withholding dividends for the fiscal year 2015, the same proposal for 2014.

It also recommended a capital increase to KWD 10 million ($33.26 million) from KWD 3 million ($9.98 million). The company said that the raise will be divided into four annual tranches, each worth KWD 1.75 million ($5.82 million), from 2016 to 2019.

Kuwait Cable stock ended Monday’s trading session with a rise of 5.66% to 28 fils, after about 2,270 shares were traded.