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National Cleaning incurs losses in Q4

National Cleaning incurs losses in Q4
Photo Credit: Arabianeye-Reuters
CLEANING
CLEANING`R
66.94% 101.00 40.50

Mubasher: National Cleaning suffered losses worth KWD 209,000 ($685,220) during the fourth quarter of 2016 against profits of KWD 26,000 ($85,240) in the same period a year ago.

During the fiscal year, earnings decreased by 6% to total KWD 362,000 from KWD 385,000 in the previous fiscal year, according to a bourse statement issued on Tuesday.

The board members recommended not to distribute dividends for fiscal year 2016.