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IFA turns to profitability in 2020

IFA turns to profitability in 2020
The company's income reached KWD 19.66 million in 2020
IFA
IFA
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Mubasher: International Financial Advisors (IFA) has achieved KWD 8.229 million net profits attributable to the shareholders of the parent company in 2020, against net losses of KWD 18.4 million in 2019.

The company's income reached KWD 19.66 million in 2020, up from KWD 5.757 million in the earlier year, according to the company's consolidated financial results for the period ended on 31 December 2020.

The basic and diluted earnings per share (EPS) settled at 33.01 fils last year, compared to 73.82 fils in 2019.

In the first nine months of 2020, IFA turned to profitability to record KWD 780,196 profits, against KWD 4.21 million net losses in the same period of 2019.