Mubasher: Tamdeen Investment incurred a loss of 71.3% during the fourth quarter of 2018 compared to the same period last year.

Losses amounted to KWD 450,000 ($1.48 million) in Q4-18 compared to KWD 1.57 million ($5.17 million) in Q4-17, according to a bourse statement on Monday.

During fiscal year 2018, the company achieved a growth of 10.1% in profits to KWD 7.39 million compared to KWD 6.71 million in the prior fiscal year.

The board members of Tamdeen Investment recommended distributing 12% of the capital or 12 fils per share as a cash dividend for FY18.