First Investment ''08 net falls 87%

11/04/2009 00:00 AST

Kuwaits First Investment Co. posted a 87 percent fall in 2008 profit on Thursday, the latest investment firm from the Gulf Arab states financial sector to take a hit.

Full?year net profit came in at 3.22 million Kuwaiti dinars ($11 million) after 25.37 million dinars in 2007, the firm said in a statement on the Kuwait bourse website.

It gave no reason for the profit fall or provide quarterly data. Company officials could not be reached for comment.

The company, which offers asset management and advisory services, also said its board recommended paying no dividend for 2008.

Total liabilities rose to 120.9 million dinars in 2008 after 75.9 million dinars in the previous year. Assets gained to 250.5 million dinars after 215.6 million dinars in 2007. Trading in the firm resumed with the stock rising 5.5 percent. The bourse had halted the stock and several other shares last week for failing to report earnings on time.

Major sector rivals such as Global Investment House or Investment Dar have yet to report 2008 financials.


Reuters

News

First Inves. Company loses KD 10.5 million in '10

05/04/2011

First Investment Company (FIC) sustained KD 10.5 million in losses; 16.1 fils in shares for the fiscal year that elapsed on December 31, 2010 compared to KD 22.9 million in losses and 35.2 fils decre

KUNA

LMH completes $331.6 million debt restructuring deal for FIC

04/04/2011

Liquidity Management House (LMH), serving as structuring advisor on behalf of six Kuwait banking institutions, has successfully completed a KWD 92 million ($331.6 million) debt restructuring of First

CPI Financial

Most Viewed Companies

Ticker Price Volume

Valuation

ALOLA Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
KINGDOM 10.29 0.14 (1.37%)
TADAWULGROUP 145.90 0.40 (0.27%)
GFH.KW 183.00 -2.00 (-1.09%)
NIND 257.00 0.00 (0.00%)
BOURSA 3,010.00 46.00 (1.55%)

Recent News

Aamal Company plans new investments this year; growth prospects 'very bright' across sectors

22/04/2026

Aamal Company is making new investments this year as it finds growth prospects across all its business divisions as "very bright"

"Given the relative stability of Qatar`s economic landscape

Gulf Times

UDC posts QR71mn net profit on QR459mn revenues in Q1

22/04/2026

United Development Company (UDC) reported a net profit of QR71mn on revenues of QR459mn in the first three months of 2026.

The net profit attributable to the equity shareholders stood at QR7

Gulf Times

Gulf Bank launches a special offer for Kuwaiti Salary Account customers

22/04/2026

Gulf Bank has launched a special offer for Kuwaiti government salary account customers, through which customers can receive a cash welcome gift of up to KD 1,200 when transferring their salary to Gul

Kuwait Times

Nakilat reports $120.43m net profit for Q1

22/04/2026

Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR439 million ($120.43 million) for the first quarter ended March 31, 2026, compared to QAR433 million for the same period of 2025.

Trade Arabia

GWC posts steady Q1 profit despite supply chain disruption

22/04/2026

Qatar-based Gulf Warehousing Company (GWC Group) has reported a net profit of QR33.7 million ($9.3 million) for the first quarter of 2026, while its gross revenues hit QR318 million ($86.3 million),

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap