Kuwait-Mubasher: Al Mowasat Health Care achieved an increase of 66.2% in profits for fiscal year 2014/15 as compared to a year earlier.

The company posted KWD 3.34 million ($10.97 million) earnings, compared to KWD 2.01 million ($6.6 million).

The raise in annual profits resulted from decreasing employees and finance costs.

Al Mowasat’s board of directors has recommended, in a meeting held Thursday, 15% cash dividends or15 fils per share.

The board has also agreed on withdrawing from the Kuwait Stock Exchange (KSE), calling on shareholders to approve it in their extraordinary general meeting.