Al-Mazaya announces KD 9.3 mln net profit for 2015

KUWAIT, Jan 31 (KUNA) — Kuwait’s Al-Mazaya Holding Company announced a net profit of KD 9.3 million in 2015, compared to KD 8 million in 2014. Earnings per share amounted to 15 fils in 2015, as compared to 13 fils in 2014.
The Company’s board of directors recommended distributing seven percent cash dividends to shareholders for 2015, the company said in a statement posted on the KSE’s website Sunday.
The company’s total assets stood at KD 251 million in 2015 and its shareholders’ equity amounted to KD 104.1 million in 2015. Al-Mazaya Holding’s current liabilities hit KD 139.5 million in 2015, compared to KD 154.1 million in the same period in 2014.
Al-Mazaya was established in 1998 and later listed on the Kuwait Stock Exchange in 2004 with a paid-up capital of KD 68.8 million.(end) fh.haq