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Kuwait's First Investment company posts profit in 2003
KUWAIT - Kuwait-based First Investment Company posted a 2003 net profit of 2.96 million dinars ($9.8 million), up from 2.63 million dinars the previous year.
The company said in an advertisement in newspapers yesterday that its board recommended distribution of nine bonus shares for every 100 shares held.
Earnings per share decreased to 14.16 fils in 2003 from 15.48 fils in the previous year, the Kuwait Stock Exchange said.
There are 1,000 fils per dinar. Shares of First Investment climbed two fils to 230 fils on Wednesday.
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