Kuwait – Mubasher: Kuwait Company for Process Plant Construction and Contracting’s shareholders approved the distribution of 5 fils per share as cash dividends, representing 5% of the par value, for fiscal year 2016.

The company’s profits dropped 22% to KWD 294,680 in the first quarter in 2017, from KWD 377,960 in Q1-16.

The Boursa Kuwait-listed company had previously reported a 22.1% drop in its profits to reach KWD 1.2 million in 2016, compared to KWD 1.54 million in 2015.

The company’s stock closed at 150 fils on Monday, after losing 4%.