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Kuwait’s KGL makes lower profits in Q4

Kuwait’s KGL makes lower profits in Q4
Photo Credit: Arabianeye-Reuters
KGL
KGL`R
-0.82% 60.50 -0.50

Kuwait-Mubasher: Kuwait and Gulf Link Transport (KGL) posted profits worth KWD 2.08 million ($6.88 million) in the fourth quarter of 2015 as compared to KWD 2.13 million ($7.05 million) in Q4-15, a decrease of 2.4%.

The company’s profits grew 120% to KWD 2.14 million during the fiscal year 2015 as compared to about KWD 972,560 in FY14.

KGL’s board recommended withholding dividends for FY15.