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04 April 11:39 PM

Inovest BSC (INOVEST`R)

Last update: 2 April 01:09 PM market time.
89.70
-11.30
-11.19%
Open 90.40
Previous Close 101.00
High 90.40
Low 88.30
Stock Statistics
Volume 567,182
Turnover 50,329.99
All data are 15 minutes late during market session

News

The net profit reached KWD 1.47 million in H1-20
29 July 2020 09:52 AM Inovest H1 profits rise 13%
Mubasher: Inovest registered a 13% increase in net profit during the first half (H1) of 2020 to KWD 1.47 million, as shown by the company's financial results. Earnings per share amounted to 4.93 fils, compared with 4.38 fils in H1-19, according to …
Financial Results
Operating income rose by 49% annually in Q4-19
17 February 2020 10:55 AM Inovest logs 49% lower profit in 2019; dividends proposed
Mubasher: Inovest on Monday reported a consolidated net profit attributed to the shareholders worth $7.15 million for fiscal year 2019, 49% lower than $14 million in 2018. Earnings per share (EPS) totalled 2.52 cents by 2019 year-end, down from …
Board of Directors
The deal will reflect positively over the coming years
4 February 2020 00:54 PM Inovest suffers $4.5m loss on debt settlement
Mubasher: An associate of Inovest, Marina Durrat Bahrain Real Estate Development, signed an agreement on Monday, 3 February 2020, to fully settle its debt with a Bahrain-based local commercial bank.          The transaction has lead to …
Banking and Finance
Inovest attributed the decline in profits to higher operational costs
4 November 2019 01:33 PM Inovest profits down 67% in Q3
Mubasher: The financial statements of Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse, showed a drop in profits by 66.8% during the third quarter (Q3) of the year. The company’s profits registered $790,000 during Q3-19, compared …
Financial Results
Inovest is listed on both Bahrain Bourse and Boursa Kuwait
5 May 2019 09:42 AM Inovest Q1 profits rise to $3m
Mubasher: Inovest achieved a slight increase of 1% in profits during the first quarter of 2019 compared to the same period last year. Profits rose to $3.02 million in Q1-19 from $2.99 million in Q-18 due to an increase in real estate investment …
Financial Results
Inovest’s net profit stood at $4.248 million last year
28 March 2019 08:08 PM Inovest’s shareholders nod to $5.6m cash dividends
Mubasher: Inovest’s general assembly has Okayed the payment of 5% of its stock’s par value in cash dividends for the year 2018. The approved dividends will reach $5.66 million, the Bahrain- and Kuwait-listed company said on Thursday in a bourse …
Cash Dividends
Inovest is listed on both Boursa Kuwait and the DFM
17 February 2019 04:58 PM Inovest proposes 5% dividends for FY18
Mubasher: The board members of Inovest recommended distributing 5% of the capital as cash dividends for fiscal year 2018. The board proposed paying $0.020 per share to the entitled shareholders for FY18, according to a bourse statement on Sunday. …
Cash Dividends
Inovest is listed on both Boursa Kuwait and Bahrain Bourse (BHB)
17 February 2019 01:21 PM Inovest records $4m profits in FY18
Mubasher: Inovest achieved a surge of 142% in profits during fiscal year 2018 compared to the prior year. Earnings soared to $4.248 million in FY18 from $1.756 million in FY17, according to a bourse statement on Sunday. It is noteworthy that …
Financial Results
Net profits amounted to $2.38 million in Q3-18
4 November 2018 11:55 AM Inovest logs $13m profit in 9M
Mubasher: Inovest on Sunday posted a 24.6% year-on-year increase in profits for the third quarter of 2018. Net profits amounted to  $2.38 million in Q3-18, compared to  $1.91 million in Q3-17, according to the company’s statement to Boursa Kuwait. …
Financial Results
Inovest posted a decline of 19.5% in Q2 profits
6 August 2018 11:57 AM Inovest records $7m profits in Q2
Mubasher: Inovest posted a decline of 19.5% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings shrank to $7.3 million in Q2-18 from $9.07 million in Q2-17, according to a bourse statement on Monday. …
Financial Results
This exit deal led to generating a profit of $4.6 million
8 July 2018 00:49 PM Inovest exits $4.6m real estate investment in Saudi Arabia
Mubasher: Bahrain-based Inovest on Sunday announced that it had sold its entire stake in a real estate investment in Saudi Arabia. This exit deal led to generating a profit of $4.6 million that will be included in the company’s financial results …
Management Decisions
The tender contract was awarded for a project in Bahrain
7 May 2018 02:24 PM Inovest’s subsidiary wins $26m deal
Mubasher: Inovest announced that its 100%-owned subsidiary Tamcon Contracting was awarded a tender contract valued at BHD 10 million or KWD 8 million ($26.4 million). The tender contract was awarded for a project in Bahrain, according to a bourse …
Companies Investments
Earnings per share (EPS) in Q1-18 stood at $1.06
2 May 2018 01:54 PM Inovest Q1 profits plunge 65%
Mubasher: Inovest reported a plummet of 64.6% in profits during the first quarter of 2018 compared to the same period in the previous year. Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse, posted $2.9 million profits in Q1-18 …
Financial Results
Inovest’s net operating profits enlarged by 63% to $12.2 million in FY17
1 March 2018 00:23 PM Inovest FY17 profits plunge 42% on $15.5m provision
Mubasher: Inovest has suffered a loss of $13.1 million in the fourth quarter of 2017 against a profit of $900,000 in the same period in 2016, according to a recent statement. During the fiscal year 2017, net profits attributed to shareholders …
Financial Results
The new board has been elected for three years
13 February 2018 02:46 PM Inovest shareholders elect new board
Mubasher: The ordinary general meeting (OGM) of Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB) has approved the resignation of its board members on Monday, 12 February. Inovest’s shareholders have elected new board …
Corporate Actions
Inovest has a capital standing at $114.61 million
6 February 2018 03:43 PM Kuwait’s Sanad narrows stake in Bahraini Inovest
Mubasher: Sanad Holding Co has decreased its equity ownership, within Asaad Abdulaziz Al Sanad Group, in Inovest, a Bahraini company listed on both Boursa Kuwait and Bahrain Bourse (BHB). Sanad has narrowed its stake in Inovest to less than 5% …
Companies Investments
Purchasing orders totalled 2.25 million shares
19 December 2017 00:04 PM Inovest ranks 2nd active stock on Boursa Kuwait Tuesday
Mubasher: The stock of Inovest was the second most active stock at Boursa Kuwait on Tuesday. By 11:41am Kuwait time, Inovest, which is also listed on Bahrain Bourse (BHB), registered 16 million shares traded through 113 transactions at a total …
Stock Evaluations
Inovest posted a decline of 58.9% in profits to $1.6 million in Q3-17
13 November 2017 00:29 PM Inovest exits $3.2m investment in Oman
Mubasher: Inovest has fully exited an investment in the real estate sector in Oman for a total of $3.2 million. Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB) noted that this exit will reflect positively on the income …
Company News
Profits increased by 105.7% to $18.9 million in 9M
31 October 2017 09:57 AM Inovest Q3 profits decline, 9M earnings surge 105%
Mubasher: The financial statements of Inovest decreased by 58.9% during the third quarter of 2017 compared to the corresponding quarter in 2016. Earnings of Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), declined to $1.6 …
Financial Results
The second private deal was valued at KWD 625,000
24 October 2017 02:35 PM Boursa Kuwait nods to Inovest 10.3m shrs private deals
Mubasher: Boursa Kuwait on Tuesday has approved Inovest’s request to execute two private transactions for an overall value of KWD 1.31 million ($4.3 million). The first private transaction had a volume of 5.3 million shares at a total value of KWD …
Management Decisions
The resignation of Inovest’s board of directors was due to personal reasons
28 August 2017 01:22 PM Inovest board members resign
Mubasher: The board members of Inovest, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), have submitted their resignation letters, according to a bourse statement issued on Monday. The resignation of Inovest’s board of directors …
Corporate Actions
The deals include a total of 61.035 million shares
27 August 2017 02:47 PM Boursa Kuwait nods to KWD 9m private deals for Inovest
Mubasher: Boursa Kuwait has approved Inovest’s request to execute 15 private transactions for KWD 0.150 per share. The deals include a total of 61.035 million shares at a value exceeding KWD 9 million, according to a bourse filing issued on …
Trading Activities
Sanad Holding currenrly owns 6.7% of Inovest's shares
26 August 2017 03:31 PM Sanad Holding lowers stake in Inovest
Mubasher: Sanad Holding Company has decreased its stake in Inovest from 7.48% to 6.7%, as shown by the records of Boursa Kuwait at the end of the week. Gulf Investment House is the biggest shareholder in Inovest with a 13.61% stake, followed by …
Trading Activities
Photo Credit: Arabianeye-Reuters
21 May 2017 08:30 PM Inovest launches new identity
Mubasher: Inovest has revealed its new commercial identity in a press conference that was held at the Bahrain Financial Harbour on Sunday, according to Bahrain News Agency (BNA). The new design reflects the company’s plans for future expansion in …
Management Decisions
Photo Credit: Arabianeye-Reuters
14 May 2017 10:03 AM Inovest settles $2.33m debts
Mubasher: Inovest has collected a default loan worth $2.33 million or about KWD 711,940. A profit worth $2.24 million will be realised from reversing a debt provision; the profit will be registered in the financial statements of the second quarter …
Companies Investments