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Alrai Media’s Q4 profits up 16.9%

Alrai Media’s Q4 profits up 16.9%
Photo Credit: Arabianeye-Reuters
ALRAI
ALRAI
-8.93% 25.50 -2.50

Kuwait-Mubasher: Alrai Media Group achieved KWD 1.59 million ($5.25 million)  earnings in the fourth quarter in 2015, 16.9% higher as compared to KWD 1.36 million ($4.49 million) in the same period of 2014.

Over the fiscal year 2015, Alrai Media’s profits reached KWD 6.31 million as compared to KWD 5.05 million in FY14, an increase of 25%.

The board has recommended 10% cash dividends or 10 fils per share which will be subject to the approval of the company’s ordinary general meeting.