Kuwait-Mubasher: Al Mudon International Real Estate reported a plunge in profit by 52.4% to KWD 297,500 ($922,000) in the fiscal year 2014, compared to KWD 624,600 ($2.1 million) in 2013.
The company’s Q4-14 losses dropped to KWD 6,900 compared to KWD 334,200 in Q4-13.
The board previously recommended no dividends for the fiscal year 31 December, 2014.
The company’s capital amounts to KWD 10 million, distributed on 100 million shares at KWD 100 fils per share.