The company said in a statement on the stock exchange. The negative shift in the results during comparison years is due to the lack of tenders during the previous period because of the suspension applied by the Tenders Committee, which was submitted during April 2020.
The company also returned losses to the overall profit of parent company projects; Due to the decline in the pace during the previous periods due to the current circumstances of the State of Kuwait and caused by the emergence of Corona virus and its negative implications.
The company's total operating income last year was 179.98 million dinars, compared to JD 263.61 million in 2019, down 32.8%.
The total shareholders of the company last year declined by 18.2%, to 38.37 million dinars, compared with KD 46.91 million in 2019.
The shared losses worth 2.11 million dinars in the fourth quarter of 2020, compared to the same profits from 2019, 245.14 thousand dinars.
The Board of Directors of the company at its meeting on Wednesday, recommended a cash dividend of last year by 6% of the 6% of the 6% per share and a total value of 1.03 million dinars.
The jointly converted to the loss in the first nine last year worth 6.88 million dinars, compared to the same period of 2019, of KD 3.37 million.
