Global Investment House 2011 net loss KWD 57.5 million

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Tuesday 08, May 2012 by Robin Amlôt

Global Investment House 2011 net loss KWD 57.5 million

Global Investment House reports fee-based businesses (asset management, investment banking and brokerage) generated operating income amounting to KWD 14.1 million for 2011. The firm repaid $63.7 million of its bank debt during the year. The overall net loss of KWD 57.5 million equates to a loss of KWD 0.047 per share.

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