Mubasher: National Industries Group Holding recorded a profit of KWD 16.81 million ($56.13 million) in the fourth quarter of 2017 against losses of KWD 19.14 million ($63.91 million) in the same quarter a year ago.

During FY17, the company, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), reported a profit of KWD 24.16 million versus losses of KWD 24.19 million in the previous fiscal year, according to a bourse statement on Tuesday.

The board members recommended a cash dividend of 10% of the capital or 10 fils per share to the entitled shareholders for FY17.