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Al Midan posts KWD 885,000 profit in Q4

Al Midan posts KWD 885,000 profit in Q4
Al Maidan’s profits levelled up 9% to KWD 6.07 million in 2018
MIDAN
MIDAN
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Mubasher: Al Maidan Dental Clinic (MIDAN) reported a 57% year-on-year increase in its profits for the fourth quarter of 2018.

Net profits stood at KWD 885,040 million ($2.92 million) in Q4-18, compared to KWD 564,670 ($1.86 million) in Q4-17, according to a filing to Boursa Kuwait on Monday.

In 2018, Al Maidan’s profits levelled up 9% to KWD 6.07 million, versus KWD 5.59 million a year ago.

The company’s board recommended a 7% cash dividend, with total dividends KWD 1.75 million, for the full-year 2018.