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Noor earnings plunge 89.8% in FY14

Noor earnings plunge 89.8% in FY14
Photo Credit: Arabianeye-Reuters
NOOR
NOOR
-3.88% 223.00 -9.00

Noor Financial Investment registered a drop of 89.8% in its earnings of the fiscal year 2014, posting KWD 918,800 ($3.03 million) compared to KWD 9.05 million ($29.82 million) in 2013.

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

Noor’s capital stands at KWD 41.31 million, distributed on 413.1 million shares with a par value of 100 fils per share.