Kuwait-Mubasher: IFA Hotels and Resorts successfully narrowed its losses by 0.8% to KWD 11.71 million ($38.39 million) in the first nine months of 2015, compared to KWD 11.8 million ($38.69 million) in the same period of 2014, according to a bourse filing Monday.
The company said that the losses reported in the nine-month period resulted from an increase in expenses of calculated interest as well as general and administrative expenses.
