Mubasher: Al Aman Investment on Sunday reported a 29.9% year-on-year decrease in losses during the fourth quarter of 2018.

Al Aman Investment’s losses amounted to KWD 176,000 ($580,700) during Q4-18, down from KWD 251,000 ($828,100) in Q4-17, according to a statement to Boursa Kuwait.

The firm’s profits skyrocketed 231% to KWD 828,160 for the fiscal year 2018, from KWD 250,200 in 2017.

On Thursday, Al Aman Investment’s board recommended not to distribute cash dividends for 2018.