Mubasher: Integrated Holding Co posted a decrease of 26.19% in profits during the fourth quarter of 2018 compared to the same period in the prior year.

Earnings declined to KWD 3.18 million ($10.5 million) in Q4-18 from KWD 4.3 million ($14.2 million) in Q4-17, according to a bourse disclosure on Tuesday.

During fiscal year 2018, Integrated achieved a growth of 29.47% in profits to KWD 17.23 million from KWD 13.3 million in FY17.

Integrated Holding's operating revenues increased by 5.41% to KWD 41.96 million in FY18 from KWD 39.8 million in FY17.

The board members of the Boursa Kuwait-listed company recommended distributing 40% of the capital as a cash dividend for FY18 or 40 fils per share at a total value of KWD 8.8 million.