IFA Hotels generates KWD 1.6 mln profit in 15 months
Kuwait Stock Exchange (KSE) announces that the board of IFA Hotels & Resorts (IFAHR) endorsed today, Sunday, 13/11/2011, interim financial statements for the fiscal periods that ended on 30/09/2011, as follows:
1- Current periods:
| Item |
3 months till 30/09/11 |
15 months till 30/09/11 |
| Profit (Loss) (KWD) |
(3,505,750) |
1,664,540 |
| EPS (LPS) (fils) |
(8.13) |
3.86 |
| Total current assets |
- |
117,472,745 |
| Total assets |
- |
379,963,182 |
| Total current liabilities |
- |
155,201,911 |
| Total liabilities |
- |
331,746,677 |
| Total shareholders’ equity |
- |
48,088,505 |
Revenue and expenses of dealings with related parties reached KWD 1.041.861 and KWD 500.448 respectively.
2- Comparative periods:
| Item |
3 months till 30/09/10 |
12 months till 30/06/10 |
| Profit (Loss) (KWD) |
(2,404,590) |
(19,522,763) |
| EPS (LPS) (fils) |
(5.55) |
(45.20) |
| Total current assets |
- |
163,575,574 |
| Total assets |
- |
400,851,994 |
| Total current liabilities |
- |
195,372,170 |
| Total liabilities |
- |
346,732,181 |
| Total shareholders’ equity |
- |
50,786,029 |
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