Kuwait-Mubasher: Investors Holding Group registered a decrease of 18.8% in profits for the fourth quarter in 2015, according to a bourse statement on Sunday.

The company’s earnings reached approximately KWD 693,000 ($2.3 million) in Q4-15 as compared to nearly KWD 853,000 ($2.8 million) in Q4-14.

Meanwhile, the company’s losses shrank by 85.2% to about KWD 548,300 ($1.82 million) in the fiscal year 2015, down from KWD 3.71 million in FY14.

The board has recommended, on 17 March, withholding dividends for FY15, the same proposal in 2014.