Mubasher: International Financial Advisor (IFA), listed on the Boursa Kuwait and the Dubai Financial Market (DFM), on Thursday announced it has turned to losses during the third quarter of 2018, as compared with Q3-17.

Net losses amounted to KWD 11.62 million in Q3-18, against net profit of KWD 2.54 million in Q3-17, according to the company’s filing to Boursa Kuwait.

In the first nine months of 2018, the company’s losses totalled KWD 14.503 million, compared to profits of KWD 3.5 million in the year-ago period.

IFA previously reported a 58.4% drop in its losses for Q2-18, suffering a net loss of KWD 70,000, compared to KWD 168,220 in Q2-17.

During the first half of 2018, the company incurred a loss of KWD 2.05 million, against a profit of KWD 67,510 in H1-17.