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Al Khaleej Investment profits drop 48.6% in Q4

Al Khaleej Investment profits drop 48.6% in Q4
Photo Credit: Arabianeye-Reuters
Al Khaleej Investment
KICO
4.78% 5.70 0.26

Abu Dhabi-Mubasher: Al Khaleej Investment Co. (KICO) posted profits of AED 18.5 million in the fourth quarter of 2015, a 48.6% decline from AED 35.96 million in the same quarter of 2014, according to a bourse statement on Monday.

Profits dropped 48% to AED 28 million in the fiscal year 2015, compared to AED 53.6 million in the fiscal year 2014.