IFA posts marginal net loss in 2016

Dubai: International Financial Advisors posted narrower net loss for the fiscal year to December 2016.

The company posted a net loss of 6.8 million Kuwaiti dinars last year, compared to 7.4 million dinars a year ago.

Revenues fell to 35 million dinars in 2016 compared to 47 million dinars in 2015.

The company posted a more than 25 per cent fall in net profit in the fourth quarter of 2016. Net profit came in at 1.96 million dinars compared to 2.77 million dinars.