The positive 2019 results were backed by a partial refund of provisions for previous years related to the execution of a court decision, according to a bourse filing on Monday.
Over the fourth quarter (Q4) of last year, the company turned to a profit of KWD 1.66 million, versus losses of KWD 920,432 in Q4-18.
It is worthy to highlight that during the period from January to September in 2019, the company’s losses retreated by 20.6% to KWD 1.21 million from KWD 1.53 million in the same period a year earlier.
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).