Mubasher: Kuwait Syrian Holding Company’s net losses totalled KWD 345,017 ($1.11 million) in the fiscal year (FY) 2019 when compared to KWD 573,562 ($1.85 million) in 2018, posting a 40% drop.

c recorded during the past year due to the consolidation of the financial statements for Kuwait Syrian's subsidiaries and commencement of development works related to a project, according to a statement to Boursa Kuwait on Wednesday.

In the fourth quarter (Q4), the holding firm suffered a loss worth KWD 13,536, down by 97% from KWD 465,629 in the same quarter in 2018.

During its meeting, the board of directors did not recommend distributing any dividends for 2019.

It is noteworthy that in the first nine months of 2019, Kuwait Syrian posted a net loss of KWD 331,480.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 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.