The financial statements of the first company for domestic fuel marketing showed a decline in the company's profits last year by 22.8% on an annual basis.
According to the company's results for the Kuwaiti Stock Exchange, today, Tuesday, last year's profit amounted to 2.99 million dinars, compared to 2019 profits of 3.87 million dinars.
The company said in a statement to the Stock Exchange that the decline in profits during the comparative years is mostly due to the impact of the emerging corona virus (Covid 19).
The company recorded profits of 1.105 million dinars in the fourth quarter of last year, compared to 181.41 thousand dinars in the same period in 2019, a significant increase of 509%. < / p>
The company’s board of directors recommended distributing 5% cash dividends for the past year, by 5 fils per share, with a total value of 2.023 million dinars.
