Kuwait-Mubasher: Equipment Holding’s Q4-15 financials saw a negative turn, suffering losses worth about KWD 489,200 ($1.62 million), against earnings worth nearly KWD 502,100 ($1.66 million) in Q4-14.

Also, during the fiscal year 2015, the Kuwait-listed firm registered losses worth KWD 1.41 million ($4.67 million), against profits worth approximately KWD 977,400 ($3.23 million) in FY14, according to a bourse statement.

Equipment’s board has proposed withholding dividends for FY15, the same recommendation for FY14.