IFA Hotels and Resorts recorded losses worth KWD 29.92 million ($99.4 million) in 2014 against earnings worth KWD 3.20 million ($10.6 million) in 2013.

IFA’s losses totaled KWD 18.12 million in Q4-2014, compared to KWD 2.90 million in Q4-2013.

The board has proposed no dividends for the fiscal year 2014.

The KSE-listed firm’s capital amounts KWD 63.54 million, distributed on 635.43 million shares with a par value of 100 fils a share.