Al-Saft Tec Holding Company registered a net profit of around KWD 145,800 ($486,200) in 2014 against losses worth KWD 6.07 million ($20.24 million) in 2013.

The KSE-listed firm posted a decrease of 71% in its losses, recording KWD 2.14 million in Q4-14 compared to KWD 7.49 million in Q4-13.

The board of directors recommended no dividends for the fiscal year ended 31 December, 2014.

Al-Saft Tec’s capital totals KWD 40 million, distributed on 400 million shares with a par value of 100 fils a share.