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4-Traders Homepage  >  Equities  >  KUWAIT STOCK EXCHANGE  >  IFA Hotels and Resorts Co KSCC    IFAH   KW0EQ0602007

IFA HOTELS AND RESORTS CO KSCC (IFAH)
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IFA Hotels and Resorts KSCC : Q1 financials turn to losses

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05/17/2018 | 06:49am CEST

IFA Hotels and Resorts suffered losses worth about KWD 709,400 in Q1-18

IFAHR IFAHR -1.00% 102.00 -1.00

Mubasher: IFA Hotels and Resorts suffered losses worth about KWD 709,400 ($2.36 million) during the first quarter of 2018 against a profit of nearly KWD 726,710 ($2.41 million) in the same period in the prior fiscal year.

The negative turn in Q1 financials is attributed to a lower income from selling properties and hotels operations valued at KWD 1.9 million, according to a bourse statement on Wednesday.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Talal Jassim Mohammad A. Al-Bahar Chairman & Group Co-Chief Executive Officer
Khaled Saeed Al-Abd Esbaitah Co-Chief Executive Officer
Numan Mohammed Numan Senior Vice President-Finance & Administration
Ibrahim Saleh Abdullah Al-Tharban Vice Chairman
Abeyya Ahmad Al-Qatami Director