National International Holding turns to losses in 2020

National International Holding turns to losses in 2020

Mubasher: National International Holding Company, listed on Boursa Kuwait and Dubai Financial Market (DFM), logged net losses attributable to the shareholders of the parent company of KWD 3.71 million in 2020, against net profits of KWD 1.748 million in 2019.

The company's revenues declined to KWD 2.237 million last year from KWD 4.17 million in 2019, according to the company's consolidated financial results for 2020.

Basic and diluted losses per share stood at 17.7 fils in 2020, versus earnings per share (EPS) of 8.31 fils in 2019.

It is noteworthy to mention that during the first nine months of 2020, the company turned to losses amounting to KWD 1.22 million, against net profits of KWD 1.36 million in the year-ago period.