Al Madar suffers losses in Q3; stock to resume trading

Kuwait-Mubasher: Al Madar Finance and Investment suffered losses worth about KWD 823,800 ($2.72 million) in the third quarter of 2015 as compared to nearly KWD 71,040 ($234,860) in Q3-14, according to a recent statement.

During the first half, the KSE-listed firm reported losses worth nearly KWD 392,820 as compared to around KWD 993,470 in the same period of 2014.

The Kuwaiti bourse noted that Al Madar stock will resume trading starting from 28 March, 2016. It is noteworthy that the stock was last traded on 14 May, 2015 when it fell by 2.4% to 20.5 fils.

 

Mubasher Contribution Time: 27-Mar-2016 11:33 (GMT)