Kuwait-Mubasher: Oula Fuel Marketing reported a 16% profits growth in the fourth quarter of 2015 to KWD 1.3 million ($4.32 million) from KWD 1.12 million ($3.72 million) in Q4-14.

The company’s profits reached KWD 4 million ($13.29 million) during the fiscal year 2015, 0.25% down from KWD 4.01 million ($13.32 million) in FY14.

The board has recommended a distribution of 5% cash dividends or 5 fils per share.

Oula Fuel stock retreated 1.75% to 112 fils by the end of Thursday’s trading session as about 82,600 shares were traded with nearly KWD 9,300 value.