Mubasher: Combined Group Contracting reported a decline of 35.8% in profits during the fourth quarter of 2018 compared to the same period a year ago.

Earnings shrank to KWD 1.88 million ($6.2 million) in Q4-18 from KWD 2.93 million ($9.7 million) in Q4-17, according to a bourse statement on Tuesday.

During fiscal year 2018, Combined Group achieved an increase of 4.9% in profits to KWD 5.12 million from KWD 4.88 million in FY17.

The board members of Combined Group recommended 20% of capital as cash dividend or 20 fils per share for FY18.