Wednesday 30, May 2012 by Robin Amlôt
Global Investment House reports Q1 net loss of KWD 11 million
Global Investment House said fee-based businesses (asset management, investment banking and brokerage) generated operating income amounting to KWD2.4 million in the three months to end-March 2012. During Q1 Global made a $21.0 million principal repayment of its bank debt. The firm’s overall net loss of KWD 11 million ($39 million) is equivalent to a loss of KWD 0.009 per share.
