Kuwait Bahrain International Exchange Company has issued its financial statements for the year 2014, recording a 16% decrease in its earnings.

The exchange firm’s net profit stood at KWD 741.8 thousand (about $2.5 million) in 2014, compared to KWD 884.3 thousand (about $2.98 million) in the previous year.

Meanwhile, the firm posted earnings worth KWD 130.93 thousand in Q4-2014 against KWD 203.03 thousand in Q4-2013, registering a 35.5% drop in earnings.

The Board of Directors has proposed no dividends for the financial year of 2014.