Mubasher: IFA Hotels and Resorts has sold assets as a stake in an associate outside Kuwait for KWD 9.4 million.
This deal will generate a profit of KWD 5.04 million, which will be registered in the income statements of the third quarter of fiscal year 2017, according to a bourse statement issued on Wednesday.
During the second quarter this year, IFA Hotels and Resorts incurred a loss of KWD 3.57 million against a profit of KWD 2.48 million in Q2-16.
