Monday 18 August 2014

Profits decline at Kuwait’s International Financial Advisors | The National

Profits decline at Kuwait’s International Financial Advisors | The National:



"Kuwait’s International Financial Advisors reported pared-down profits for the first half, as it closed two of its businesses.



Kuwait-listed IFA Hotels and Resorts is a part of the IFA consortium. IFA Hotels and Resorts owns IFA Hotel Investments, the owner of Fairmont the Palm and Mövenpick Hotel Jumeirah Lakes Towers, both in Dubai.



IFA reported net income of 9.9 million dinars (Dh128.3m) in the first half of this year, compared to 30m dinars in the previous year, it said yesterday."



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