Mubasher: United Gulf Investment Corporation achieved profits worth BHD 1.08 million ($2.76 million) during the fourth quarter of 2016 against losses of BHD 2.95 million ($7.54 million) in the same quarter of 2015.

During fiscal year 2016, the company reported net profits of around BHD 482,100 versus losses of BHD 5.81 million in the previous fiscal year.

The board members recommended zero dividends for FY16.