Kuwait Stock Exchange decided today, Wednesday, to re-trade the shares of the International Financial Advisors Holding Company (IFA), after the latter announced its financial statements for the first nine months of this year. .
The results of the company, listed on the Kuwait and Dubai Stock Exchanges, showed that Eva made a profit of 780.2 thousand dinars (2.6 million dollars), compared to 4.21 million dinars for the same period in 2019. Dinars ($ 13.8M).
The company said in a statement to the Stock Exchange that the improvement in results during the comparison periods is due to the increase in commission income of 6.08 million dinars, and the profit resulting from the settlement of loans, which increased by 10.22 million dinars .
The results showed that the company achieved losses of 4.23 million dinars in the first quarter of this year, compared to losses of 4.21 million dinars for the same period in 2019, a slight increase of 0.4 %.
The company's losses increased in the second quarter of this year at a greater rate by 276% with the increasing severity of the Corona epidemic, bringing the losses for the period to 7.67 million dinars, compared to losses of about 2.04 million dinars for the same period of 2019.
The company's profits in the third quarter of 2020 amounted to 12.68 million dinars, compared to 2.04 million dinars in the same period last year, with a significant increase in profits by 523 %.
Eva said that it has taken numerous steps and measures to reduce the effects of the outbreak of the new Corona virus (Covid 19), and the most prominent of these measures is the precautions and preventive measures taken by the company To protect workers and increase reliance on electronic means through remote work.
During the past period of 2020, the company has undertaken several initiatives to reduce operating expenses, continuously evaluate cash flows and maintain liquidity.
