Mubasher: Livestock Transport and Trading incurred losses worth KWD 1.63 million ($5.38 million) in the fourth quarter of 2018 against a profit of KWD 133,000 ($438,550) in the same period last year.
During fiscal year 2018, the company registered a loss of KWD 3.55 million versus profits worth KWD 2.6 million, according to a bourse statement on Tuesday.
The negative turn in FY18 financials is attributed to higher other operating expenses.
The board members of Livestock Transport recommended not to distribute dividends for fiscal year 2018.
