KUWAIT: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced its financial results at the end of the 2015, with net profits of KD 43 million, a 6 percent increase compared to 2014.
Dr Mahmoud Ahmad Abdul Rahman, VIVA’s Chairman, commenting on the financial results: “VIVA reached in 2015 the best financial and operational results and achieved a level of growth and success that foster its position as leader Telecom Company in Kuwait and the region, due to plans, strategies, services and creative offers that meet deeply the market’s needs and the customers’ expectations.”
“VIVA was able to generate KD 43 million in net profit (earnings per share of 86 fils) in 2015 compared to KD 40 million (earning per share 81 fils) in 2014. These results reveal the solid performance of the company’s revenues and operations through the continued upward trend of financial and operational indicators. This reflected positively on shareholder equity which reached KD 93 million, also the Company’s board of directors recommended not to distribute any dividends for the fiscal year ended 31 December 2015, this recommendation is subject to the approval of the shareholder’s at the annual general assembly and the specialized regulating authority,” Dr Abdul Rahman added.
