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NCHC posts $90 THD earnings; no dividends distribution

NCHC posts $90 THD earnings; no dividends distribution
Photo Credit: Arabianeye-Reuters
NCCI
NCCI`R
-4.50% 106.00 -5.00

National Consumer Holding Company (NCHC) announced its financial results for the year 2014, posting earnings worth KWD 331.43 thousand ($90,9 thousand) in 2014 against losses worth KWD 174.18 thousand ($47.8 thousand) in 2013.

 

Moreover, NCHC’s losses totaled KWD 30.72 thousand in Q4-2014, compared to earning worth KWD 184.06 thousand in Q4-2013.

 

The Board of Directors recommended that NCHC would not distribute dividends for FY-2014.