Kuwait-Mubasher: Palms Agro Production reported profits worth nearly KWD 299,700 ($994,900) in the fourth quarter of 2015, 194.4% higher from about KWD 101,800 ($337,900) in Q4-14, according to a statement.
The company posted earnings worth KWD 892,500 ($2.964 million) during the fiscal year 2015, compared to approximately KWD 467,100 ($1.551 million) in FY14, an increase of 91.1%.
Palms Agro’s board has recommended a 10% cash dividends’ distribution or 10 fils per share.
