Kuwait-Mubasher: Hits Telecom Holding suffered a 30.1% increase in losses of the fourth quarter in 2015 as compared to Q4-14.

The company’s losses widened to KWD 6.36 million ($21.03 million) in Q4-15, from KWD 4.88 million ($16.13 million) in Q4-14.

Hits Telecom, which is listed on both KSE and DFM, registered losses worth KWD 5.68 million during the fiscal year 2015, compared to FY14 when it posted KWD 5.57 million; an increase of 2%.

The board recommended freezing dividends for FY15.