Al Mazaya posts $33.6m profit

Dubai: Al Mazaya said it posted a net profit of 10.25 million Kuwaiti dinars ($33.6 million; Dh123.4 million) — a 10.2 per cent rise from last year.

Following the positive financial results achieved for 2016, the company’s board of directors recommended the distribution of 8 per cent of the company’s share nominal value in cash for all shareholders, which is equal to 8 Kuwaiti fils per share. Earnings per share (EPS) reached 16.51 fils in 2016, compared to 15.04 fils in 2015, the company said in an emailed statement.