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First Takaful incurs losses in Q4; profits up 12% in FY17

First Takaful incurs losses in Q4; profits up 12% in FY17
The board members of First Takaful recommended zero dividends
FTI
FTI
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Mubasher: First Takaful Insurance incurred a loss of KWD 1.12 million ($3.74 million) during the fourth quarter of 2017 against profits worth KWD 118,000 ($394,000) in the same period a year ago.

During the fiscal year 2017, First Takaful achieved an increase of 12% in profits to KWD 1.21 million from KWD 1.08 million in the previous fiscal year, according to a bourse statement on Tuesday.

The board members of First Takaful recommended zero dividends for FY17.