Noor Financial settles debts

The early repayment will reduce the debt balance

  
Mubasher:Noor Financial Investmenton 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

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Financial Services