Mubasher: Osos Holding Group Co reported losses of KWD 2.23 million ($7.29 million) in the fourth quarter of 2016 against profits of KWD 570,000 ($1.86 million) in the same period in 2015, according to a bourse statement issued on Monday.

During fiscal year 2016, earnings grew 24.7% to total KWD 2.88 million ($7.29 million) as compared to KWD 2.31 million in FY15.

The board members recommended a cash dividend of 15% or 15 fils per share for the fiscal year, with an overall value of KWD 1.5 million.