Inovest BSC (INOVEST)

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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. …

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. …

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 …

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 …

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 …

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 …

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 …

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% …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …