Kuwait Investment Company posted a decline of 33.6% in its earnings of the fiscal year 2014.

The firm recorded a net profit worth KWD 6.38 million ($21.27 million) in 2014, compared to KWD 9.61 million ($32.04 million) in 2013.

Kuwait Investment registered losses worth KWD 183,770 in Q4-2014 against earnings worth KWD 1.01 million in Q4-2013.

The board of directors recommended a cash dividend of 10% or 10 fils per share for the fiscal year ended on 31 December, 2014.

The KSE-listed firm’s capital totaled KWD 55.12 million, distributed on 551.25 million shares with a par value of 100 fils per share.