Kuwait Finance and Investment Company (KFIC) has issued its financial results for the year 2014, with earnings plunging by about 50.3%.

KFIC’s net profit totaled KWD 1.63 million ($5.5 million) in 2014, compared to KWD 3.28 million ($11 million) in 2013.

Meanwhile, the investment firm posted losses worth KWD 192.1 thousand in Q4-2014 against earnings worth KWD 283.1 thousand in Q4-2013.

The Board of Directors recommended a bonus share of 5% or 5 shares per each 100 shares.