IFA Hotels and Resorts reports Q3 net profit of 196,590 dinars
Reuters reports IFA Hotels and Resorts earned 196,590 dinars net profit in Q3 on 2.8 million dinars of operating revenue, with several items down.
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what happened
Reuters reports that IFA Hotels and Resorts recorded a net profit attributable to shareholders of 196,590 dinars in the third quarter. Total operating revenue for the period came to 2.8 million dinars.
Several other line items were also reported as lower. The change in fair value of investments measured through profit or loss fell by KD 1.6 million, the share of results from associates and joint ventures dropped by KD 5.7 million, tax expense declined by KD 1.6 million, and profit from discontinued operations went down by KD 9.8 million.
why it matters
For investors, the headline figure is a small net profit set against 2.8 million dinars of revenue. The sharp drops in associate income and discontinued operations suggest non-core items weighed on the quarter, so the next filing will show whether this trend holds.
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- IFA Hotels And Resorts Q3 Net Profit 196,590 Dinars — Reuters, 1 November 2026 at 05:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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