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.
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