News Column

Al Madina reports KD2.84 in losses for Q2

August 17, 2014

Staff report

Abu Dhabi: Al Madina for Finance & Investment Company, a Kuwait-based firm, reported on Sunday a net loss of 2.84 million Kuwaiti dinar for the second quarter of this year, marking an drop from the 199,000 in losses made during the same time last year.

The figure brings the total loss of the first half of this year to 9.9 million Kuwaiti dinar down from 1.73 million Kuwaiti dinar in losses during H1 2013. The company's board of directors will meet on Wednesday to discuss the financial results.

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Source: Gulf News (United Arab Emirates)

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