Kuwait-Mubasher: Mubarrad Transport posted losses worth KWD 1.45 million ($4.79 million) in the fourth quarter of 2015 as compared to about KWD 40,000 ($132,200) in the same quarter of 2014, a jump as high as 3525%.

The company’s profits grew 1.7% to KWD 1.81 million during the fiscal year 2015 as compared to KWD 1.78 million in 2014, according to a bourse filing.

The sale of an investment portfolio gave the boost to the annual earnings.

The board has recommended 5% cash dividends or paying 5 fils per share for FY15.