Kuwait-Mubasher: Salbookh Trading said it achieved profits worth about KWD 894,300 ($4.97 million) in the fourth quarter in 2015, against losses worth around KWD 44,020 ($145,700) in Q4-14.
Annually, the Kuwaiti aggregates producer’s profits reached KWD 1.5 million, 1315% higher from nearly KWD 106,030 in FY14.
The board has recommended payment of 5% cash dividends or 5 fils per share for FY15.
The stock traded 2.9% higher to 71 fils, an hour before the end of Thursday’s session, after 1.4 million shares were exchanged with a value of about KWD 98,800.
