Al Mowasat Health Care Co. posted net profits of KWD 2 million ($6.66 million) for 2014, compared with KWD 1.8 million ($6 million) for the previous year up by 10.8%.
The firm's profits surge in 2014, followed the growth of its revenues as it reached KWD 26.65 million compared with KWD 25.15 million in 2013, the company said in a bourse statement.
The company's board of directors recommended to distribute cash dividends of 10%, representing KWD 10 fils per share, in addition to bonus shares of 5% (5 shares for each 100 shares) for the fiscal year ended 31 December 2014.
The Kuwaiti -listed is capitalised at KWD 9.68 million, divided into 98.80 million shares at KWD 100 fils par value each.
