Kuwait-Mubasher: International Financial Advisors (IFA) managed to turn its financials profitable in Q2 and H1 for the period ended 30 June, 2015.
The company, which is listed on both KSE and DFM, achieved earnings worth KWD 612,000 ($2.02 million) in H1-15, against losses worth KWD 5.58 million ($18.45 million) in H1-14.
Similarly, IFA reported profits worth KWD 3.76 million in Q2-15, against losses of KWD 3.68 million in Q2-14.
IFA said that the positivity in financials is due to a profit from investments available for sale, with an increase worth KWD 6.7 million as compared to the previous year.
