Educational Holding incurs KWD 900,000 losses from liquidating unit

The loss will be registered in Q2 financials

11 March 2019 03:25 PM

EDU
EDU`R

-4.17% 2,300.00 -100.00

Mubasher: Educational Holding Group has completed the procedures for liquidating a warehouse of the 92%-owned subsidiary Kuwait Lab General Trading & Contracting Co.

This liquidation process resulted in a loss of KWD 89,000 that will be registered in the consolidated income statements of the second quarter ended on 28 February 2019, according to a bourse statement on Monday.

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Source: Mubasher