ALMADINA
ALMADINA
-0.61%
16.20
-0.10
ALMADINA
Mubasher: Al Madina for Finance and Investment’s losses declined by 42% year-on-year during the first quarter of 2019.
Losses incurred by Kuwait- and Dubai-listed company sank to KWD 884,350 ($2.92 million) in Q1-19 from KWD 1.52 million ($5.01 million) the year before, according to a bourse statement released on Wednesday.
Al Madina’s losses resulted from KWD 449,990 loss in investments, along with a KWD 296,970 share in the loss of a sister company.
The company turned to loss last year, registering KWD 2.72 million.
Source:
Mubasher