Kuwait Hotels gets KWD 400,000 profit from unit

Kuwait-Mubasher: Kuwait Hotels achieved about KWD 400,000 ($1.33 million) profit through its 99.5%-owned subsidiary, Kuwait Catering, according to a bourse statement.

The Kuwaiti company said that the overall deal stood at about KWD 440,000.

Kuwait Hotels said that the profit will be registered in the company’s Q-161 financials.

 

Mubasher Contribution Time: 11-Feb-2016 10:00 (GMT)