Mubasher: Noor Financial Investment on Monday announced it has reimbursed around KWD 555,000 of its debts owed to creditors as early repayment.
The early repayment will reduce the debt balance by KWD 555,000, as well as cash liquidity at the same value, the company said in a statement to Boursa Kuwait.
In July, Noor Financial posted a 66.56% drop in profits for the second quarter of 2019, recording KWD 1.29 million, compared to KWD 3.87 million in Q2-18.
In the six-month period ended 30 June 2019, the company’s profits fell by 37.68% to KWD 4.14 million from KWD 6.64 million in H1-18.
Source: Mubasher
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