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Al-Qurain Holding earnings jumps in FY14

Al-Qurain Holding earnings jumps in FY14
Photo Credit: Arabianeye-Reuters
Al Qurain
QURAINHLD`R
0.00% 7.00 0.00

Al-Qurain Holding recorded earnings that surged by 465% during the fiscal year 2014.

The firm posted a net profit of around KWD 595,110 (about $1.99 million) in 2014, compared to around KWD 105,330 (about $352,120) in 2013.

Al-Qurain registered earnings worth around KWD 604,430 in Q4-2014 against KWD 1.46 million in Q4-2013, dropping by 58.6%.

The board of directors proposed no dividends for the fiscal year 2014.