Yiaco Medical (YIACO)

Mubasher: Yiaco Medical Company turned to a net profit of KWD 229,605 ($734,670) over the fiscal year (FY) ended on 31 December 2019, against a loss of KWD 7.85 million ($25.12 million) in 2018. The realised annual profits are attributed to lower …

Mubasher: Yiaco Medical Company has completed capital cut procedures to amortise its entire accumulated losses worth KWD 24 million as registered in the period ended 31 December 2019.   Following a reduction of KWD 16.47 million, the new capital …

Mubasher: Yiaco Medical Company has entered into a land purchase agreement in Al Ardiya Kuwait at a value of KWD 5.500 million. Spanning a total area of 4,012.5 square metres, the land will be used as an administrative headquarters and a main …

Mubasher: The shareholders of Yiaco Medical Company approved amortising the company’s accumulated losses amounting to KWD 24.007 million during its extraordinary general meeting (EGM) on Tuesday. The decision, reached by a majority vote, also …

Mubasher: Yiaco Medical Company reported KWD 28,170 in profits during the third quarter (Q3) of the year, versus losses of KWD 1.28 million ($4.22 million) for the same period last year. In the first nine months of 2019, profits amounted to KWD …

Mubasher: Yiaco Medical Company announced its response on what was reported by newspapers regarding the trading halt on the firm’s stock for one year. The news said that the mentioned suspension is attributed to Yiaco Medical’s non-commitment to …

Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019. Moreover, Ithmaar Holding and …

Mubasher: Boursa Kuwait announced that it has suspended the trading activity of three listed-companies for various reasons. On Sunday, Boursa Kuwait stated on its official website that it has suspended Al Kout Industrial Projects’ stock from …

Mubasher: Yiaco Medical Company turned to profitability during the second quarter of 2019, recording KWD 98,980 ($326,070) profit. In the first six months of 2019, Yiaco’s profit reached KWD 203,100, according to a company statement released on …

Mubasher: Yiaco Medical Company’s board of directors recommended trimming capital by KWD 16.48 million to KWD 1.71 million from KWD 18.19 million to amortise KWD 24.01 million accumulated losses as of 31 December 2018. The loss amortisation will …

Mubasher: Yiaco Medical Company reported a 37% year-on-year drop in profits during the first quarter of 2019. The firm’s profits hit KWD 104,000 ($343,400) in Q1-19, down from KWD 165,000 ($544,700) during Q1-18, according to a statement to Boursa …

Mubasher: Boursa Kuwait has suspended trading activities on the stocks of Ithmaar Holding, Yiaco Medical, and Al Massaleh Real Estate. The suspension came after the losses of these firms surpassed 75% of their capital, the bourse said in a …

Mubasher: The board members of Yiaco Medical has recommended, to the executive board, setting a plan to reduce the capital, according to a recent bourse disclosure. It is noteworthy that Yiaco Medical’s capital stands at KWD 18.19 million …

Mubasher: Yiaco Medical incurred a loss of KWD 6.48 million ($21.4 million) during the fourth quarter of 2018, 489% higher than KWD 1.1 million ($3.6 million) losses in the same period a year ago.  During fiscal year 2018, Yiaco Medical posted a …

Mubasher: Yiaco Medical registered an increase of 169.5% in losses during the third quarter of 2018 compared to the same period last year. Losses deepened to KWD 1.28 million ($4.22 million) in Q3-18 from KWD 475,000 ($1.57 million) in Q3-17, …

Mubasher: Yiaco Medical reported a plunge of 97% in losses during the second quarter of 2018 compared to the same period a year ago. Losses shrank to KWD 260,000 in Q2-18 from KWD 8.54 million in Q2-17, according to a bourse statement on Sunday. …

Mubasher: Yiaco Medical suffered losses of KWD 642,000 ($2.14 million) during the fourth quarter of 2017 against a profit of KWD 2.8 million ($9.35 million) in the same quarter in 2016. During fiscal year 2017, the company incurred a loss of KWD …

Mubasher: Boursa Kuwait on Tuesday resumed trading on Yiaco Medical’s stock after the company posted its results for the third quarter of 2017. In a separate statement, Yiaco Medical said it logged KWD 482,100 ($1.6 million) in losses between July …

Mubasher: Kuwait-based Yiaco Medical has incurred higher losses by 353% during the first six months of 2017 compared to the same period a year ago. Losses deepened to KWD 8.47 million ($28.1 million) in H1 this year from KWD 1.87 million ($6.2 …

Mubasher: Boursa Kuwait on Monday has suspended trading on Yiaco Medical’s stock, following the ordinary general meeting (OGM) on Sunday, until the income statements are approved. The shareholders have disapproved the financial statements of …

Kuwait – Mubasher: Yiaco Medical Company posted a plummet of 76.1% in profits during the first quarter of 2017, compared to the same period of the previous year. Earnings shrank to nearly KWD 66,450 ($216,940) in Q1-17 from approximately KWD …

By: Eman Ghaly Mubasher: The first quarter of 2017 saw 13 merger and acquisition (M&A) deals executed at Boursa Kuwait, with a total value of KWD 366.23 million ($1.2 billion). These M&A deals included Adeptio AD Investments SPC’s compulsory …

Mubasher: Yiaco Medical reported a profit of KWD 2.81 million ($9.2 million) during the fourth quarter of 2016 versus a loss of KWD 7.80 million ($25.5 million) in the same period of 2015. During the fiscal year, earnings amounted to nearly KWD …

Kuwait – Mubasher: Kuwait Finance House (KFH) has raised its stake in Al-Salam International Hospital by 20.9% to total 76.1% from 55.23% through purchasing the stake owned by Yiaco Medical. The bank denied the news article published in a local …

Kuwait – Mubasher: Yiaco Medical has signed a contract to sell its stake in Al Salam International Hospital. The stake stands at 20.869%, with a total value of KWD 20 million, according to a bourse filing issued on Thursday. A profit standing at …