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KAMCO Investment Q4 profits leap 947%

KAMCO Investment Q4 profits leap 947%
KAMCO Investment registered a growth of 124.6% in FY18 profits
KAMCO
KAMCO
1.19% 102.00 1.20

Mubasher: KAMCO Investment achieved a surge of 946.6% in profits during the fourth quarter of 2018 compared to the same period in the prior year.

Earnings grew to KWD 1.5 million ($4.95 million) in Q4-18 from about KWD 143,320 ($472,860) in Q4-17, according to a bourse statement on Wednesday.

During fiscal year 2018, KAMCO Investment registered a growth of 124.6% to KWD 2.56 million when compared to KWD 1.14 million in the previous fiscal year.

The board members of KAMCO recommended to not distribute cash dividends for FY18.