Mubasher: Future Kid Entertainment and Real Estate Company on Sunday reported a 10.2% year-on-year decrease in losses for the fourth quarter of 2018, registering KWD 291,000 ($958,580) from KWD 324,000 ($1.07 million).
During the full-year 2018, the firm’s profits tumbled 9.3% to KWD 1.07 million, compared to KWD 1.18 million a year earlier, according to a bourse filing.
Future Kid Entertainment attributed the 2018 profit drop to a decline in the value of net operating profits of subsidiaries, combined with higher marketing and selling expenses.
The company’s board of directors recommended a cash dividend distribution of 12 fils per share, representing 12% of the share’s capital for 2018.
