Industrial, Financial Investments Company reports KD 6.2 mln in losses

15/12/2010 00:00 AST

Industrial and Financial Investments Company's results for the first three quarters of 2010 show losses of KD 6.2 million, at 15.4 fils per share, compared to a loss of KD 5.6 million and 13.9 fils per share for the same period in 2009.

A company release said total shareholders' equity came to KD 41.6 million for the nine months, compared to KD 51.2 million in 2009.

Assets came to KD 129.9 million, while liabilities came to KD 85.1 million. Liabilities for the same period in 2009 were at KD 85.6 million.

The company was established in 1983 and was listed with the Kuwait Stock Exchange in 1996 with a paid capital of KD 44.9 million.

It is licensed to invest, finance, trade, and administer funds and resources related or stemming from industrial activity.


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