Kuwait Airways ’annual financial statements showed that the airline’s profits increased 124% year-on-year, year-on-year.

According to the company’s results on the Kuwaiti Stock Exchange today, Wednesday, last year’s profits amounted to 14.94 million dinars, compared to 2018’s profits of 6.67 million dinars.

The company said that the increase in annual profits during the comparison periods is due to the increase in operating revenues.

The company recorded losses in the fourth quarter of last year of 1.18 million dinars, compared to losses of about 1.81 million dinars for the same period in 2018, a decline of 35%. < / p>

The company’s board of directors, in its meeting yesterday, Tuesday, recommended distributing 67.5% cash dividends, with a total value of 13.5 million dinars.