Kuwait - Mubasher: Gulf Investment House (GIH) reported losses of KWD 1.07 million ($3.5 million) in the fourth quarter of last year versus net profits of KWD 304,520 ($944,300) in the same quarter of 2015.
According to the company’s financial data, losses dropped 72.1% in 2016 to KWD 1.7 million down from KWD 6.1 million in the year before, according to the company’s statement to Boursa Kuwait on Sunday.
GIH’s board of directors has not recommended the distribution of cash dividends to shareholders for the previous year, the statement indicated.
