Mubasher: IFA Hotels and Resorts has registered an increase of 85.8% in losses during the fourth quarter of 2018 compared to the same period a year ago.
Losses deepened to KWD 9.31 million ($30.7 million) in Q4-18 from KWD 5.01 million ($16.5 million) in Q4-17, according to a bourse statement on Sunday.
During fiscal year 2018, IFA Hotels incurred a loss of KWD 19.25 million, 248.1% higher than KWD 5.53 million in the same period a year ago.
