Mubasher: International Financial Advisors (IFA) has registered losses valued at KWD 9.27 million ($30.5 million) attributed to shareholders of the parent company during the third quarter of 2018 versus a profit worth KWD 1.45 million to shareholders in the same period last year.
During the first nine months of 2018, IFA incurred a loss of KWD 11.32 million to the owners of the parent company against profits of KWD 1.46 million) in the corresponding period in 2017, according to a bourse disclosure on Sunday.
Total revenues of IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), stood at KWD 596,835 in 9M-18.
The negative turn in 9M financials is attributed to a decrease of KWD 1.09 million in share from the result of associates in addition to a higher loss of KWD 7.08 million on the sale of a subsidiary.
