Kuwaiti conglomerate National Industries Group Holding posted a 55 percent increase in its full-year net profit.

Profit in 2007 was 209.36 million dinars ($786.5 million) compared with 134.99 million dinars in the year-earlier period, it said in a statement on the Dubai bourse Web site.

Earnings per share last year were 185 fils compared with 133 fils the year before, the company said in the statement. There are 1,000 fils in a dinar.

The board also proposed a 75 percent cash dividend and a bonus share of one stock for every 100 held, it said. - Reuters