MHC
MHC
-17.00%
400.00
-80.00
MHC
Kuwait-Mubasher: Al Mowasat Health Care achieved an increase of 66.2% in profits for fiscal year 2014/15 as compared to a year earlier.
The company posted KWD 3.34 million ($10.97 million) earnings, compared to KWD 2.01 million ($6.6 million).
The raise in annual profits resulted from decreasing employees and finance costs.
Al Mowasat’s board of directors has recommended, in a meeting held Thursday, 15% cash dividends or15 fils per share.
The board has also agreed on withdrawing from the Kuwait Stock Exchange (KSE), calling on shareholders to approve it in their extraordinary general meeting.
Source:
Mubasher