Mubasher: Yiaco Medical announced that its board of directors has approved creating required provisions at a total value of KWD 5.87 million, according to a bourse statement on Monday.
The amounted will be divided as KWD 2.53 million in creditors’ accounts and KWD 3.35 million in reserves.
Yiaco expected the provisions to impact the income statements of fiscal year 2018.
It is noteworthy that Yiaco incurred a loss of KWD 1.36 million in the first nine months of 2018 compared to KWD 8.94 million in the same period a year ago, a decline of 84.7%.
