Mubasher: Inovest said it has settled KWD 1.2 million ($3.92 million) worth debts due to a fully-owned subsidiary, according to a bourse filing issued on Sunday.
This financial impact from this settlement, which is KWD 1.2 million ($3.92 million) worth profit, will be reflected in the financial statements of the first quarter of 2016.
Inovest noted that this debts settlement will increase cash inflow with same collected value.
