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IFA Hotels posts $108m profit
- Kuwait: Monday, August 10 - 2009 at 12:06
Kuwait-based IFA Hotels and Resorts has reported its year end profits at KD30.85m ($108m), with revenues totalling KD52.8m ($184.67m). Shareholders' equity had increased to KD101.4m ($354.6m), an increase of 50% compared to the same period last year, the hospitality firm has said. IFA's total assets had increased to KD338.26m, compared to KD277.88m for 2008. The company's board of directors has also announced its shareholders will receive share dividends of 10 % bonus shares for this period.
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StaffMonday, August 10 - 2009 at 12:06 UAE local time (GMT+4)
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