Kuwait-Mubasher: Acico Industries registered a decrease of 23.2% in profits year-on-year for the fourth quarter in 2014, the company said in a recent statement.

The Kuwaiti shareholding firm posted earnings worth KWD 2.45 million ($8.11 million) in Q4-15, compared to KWD 3.19 million ($10.56 million) in Q4-14.

Acico achieved profits worth KWD 8.38 million during the fiscal year 2015, 0.48% higher from KWD 8.34 million in FY14.

The board members gave the go-ahead on cash dividends at 15 fils per share or 15% of capital or, as well as 5% bonus shares at 5-for-100.

In Thursday’s trades, the stock settled at 290 fils, after about 1,210 shares were traded at KWD 348.