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IFA turns to profitability in Q1-21

IFA turns to profitability in Q1-21
The company's income decreased to KWD 901,859 in Q1-21
IFA
IFA
-0.86% 115.00 -1.00

Mubasher: International Financial Advisors (IFA) has achieved net profits attributable to the shareholders of KWD 389,740 during the first quarter (Q1) of 2021, against net losses of KWD 4.226 million in the same quarter of 2020, according to the company's interim consolidated financials.

The company's income decreased to KWD 901,859 in Q1-21, compared to KWD 3.656 million in Q1-20.

The basic and diluted earnings per share (EPS) settled at 1.56 fils in the January-March period of 2021, versus losses per share of 16.96 fils in the corresponding period of 2020.

It is noteworthy to mention that in 2020, IFA recorded KWD 8.229 million net profits attributable to the shareholders of the parent company, against net losses of KWD 18.4 million in 2019.