Mubasher: Jiyad Holding Co achieved an increase of 112% in profits to KWD 1.78 million during fiscal year 2018 compared to about KWD 837,390 in the same period a year ago.

During the fourth quarter of 2018, Jiyad posted a decrease of 10% in profits when compared to the corresponding period in the prior year.

Earnings shrank to about KWD 746,840 ($2.46 million) in Q4-18 from approximately KWD 833,730 in Q4-17.

Operating revenues surged 100% to KWD 1.92 million in FY18 from KWD 962,993 in FY17.

The board members of Jiyad recommended paying 5% of the capital as a cash dividend for FY18 or 5-for-100 shares totalling 17.50 million shares.