Bayan Chalks KD 789,253 Q1 Net Profit

KIPCO To Buy Back 10% Of Shares

KUWAIT CITY, May 8

Capital Markets Authority approved on May 6, 2013 the financial statements of Bayan Investment Company for the first quarter ending March 31, 2013. 
Particulars    March 31,    March 31,
     2013     2012    
Profit (loss) (KD)    789,253    (3,661,396)
EPS (FILS)    2.20    (10.22)
Total current
assets    21,870,182    18,878,799
Total assets    118,630,986    116,220,019
Total current liabi-
lities    36,985,780    36,717,232
Total liabilities    67,649,330    67,335,314
Total shareholders'
equity    36,186,882    33,515,698
The total revenue from transactions with related parties is worth KD 9,814. Total expenses from transactions with related parties amounts to KD 24,000.

Kuwait Stock Exchange (KSE) announced that the Capital Markets Authority (CMA) approved on May 7, 2013, the request of Kuwait Projects Company (KIPCO) to buy back or sell 10% of its shares maximum over six months starting from the approval date. The repurchase value shall not exceed available equity financing sources.

Board of Directors approved on May 7, 2013 the financial statements of Dalqan Real Estate Company for the first quarter ending March 31, 2013. 
Particulars    March 31,    March 31,
     2013     2012    
Profit (loss) (KD)    50,145    49,258
EPS (FILS)    1.25    1.23
Total current assets    1,843,939    1,648,219
Total assets    4,653,941    4,420,721
Total current liabi-
lities    22,899    18 796
Total liabilities    35,404    29 070
Total shareholders'
equity    4,618,537    4,391,651

Future Communications Company Global reported that the Board of Directors met on May 08, 2013 and adopted the interim financial statements three month period ending March 31, 2013. 
Particulars    March 31,    March 31,
     2013     2012    
Profit (loss) (KD)    193,676    181,669
EPS (FILS)    2.39    2.24
Total current assets    18,846,335    19,102,234
Total assets    19,385,918    19,689,062
Total current liabi
lities    3,856,802    3,695,223
Total liabilities    4,795,434    4,634,394
Total shareholders' 
equity    14,590,484    15,054,668
Total expenses from transactions with related parties amounts to KD 59,086.
Kuwait Stock Exchange (KSE) announced that the board of the Inovest (INOVEST) met on May 8, 2013, and adopted for the first quarter ending March 31, 2013.
Particulars    March 31,    March 31,
     2013     2012
Profit (Loss) (AED)    22,815    1,159,538
Earnings per share (AED)    0    0.41
Profit (Loss) (KD)    51,14 47,24    6,479 329,309
Earnings per 
share (fils)    0    1.16
Total current 
assets (AED)    52,531,109    85,482,478
Total current 
assets (KD)    428,364,307    429,868,058
Total assets (AED)    292,619,665    310,872,233
Total assets (KD)    83,103,985    88,287,711
Total current liabi
lities (AED)    46,439,492    50,287,091
Total current liabi
lities (KD)    13,188,816    14,281,534
Total liabi
lities (AED)    121,374,579    128,995,117
Total liabi
lities (KD)    34,470,380    36,634,613
Total shareholders' 
equity (AED)    171,245,086     181,877,116
Total shareholders'
 equity (KD)    48,633,604     51,653,101
The total revenue from transactions with related parties is worth KD 1,266,809. Total expenses from transactions with related parties amounts to KD 8,773.
Board of Directors approved the financial statements of Kuwait Foundry Company (KFC) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31,    March 31,
     2013     2012
Profit (loss) (KD)    573,795    1,393,922
EPS (FILS)    3.74    9.07
Total current assets    8,578,985    7,950,858
Total assets    52,822,225    50,972,732
Total current liabi
lities    1,120,198    659,831
Total liabilities    1,923,640    1,408,846
Total shareholders'
 equity    50,898,585    49,563,886
Total revenue from transactions with related parties is worth KD 15,520.
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of National International Holding Company (NIH) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31,    March 31,
     2013     2012
Profit (loss) (KD)    228,523    (21,581)
EPS (FILS)    1.1    (0.1)
Total current assets    912,305    2,385,366
Total assets    41,666,073    44,879,454
Total current liabi
lities    7,451,403    7,443,567
Total liabilities    7,451,403    7,443,567
Total shareholders' 
equity    34,214,670    37,435,887
Board of Directors of Kuwait Business Town Real Estate Company (KBT) approved the financial statements for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31,    March 31,
     2013     2012
Profit (loss) (KD)    (778,405)    237,220
EPS (FILS)    (0.99)    0.30
Total current assets    12,757,715    17,509,411
Total assets    113,023,213    124,709,491
Total current liabi
lities    57,204,043    53,626,847
Total liabilities    62,669,295    60,675,427
Total shareholders'
 equity    50,349,970    64,023,600
The total revenue from transactions with related parties is worth KD 489,775 and total expenses amounts to KD (1,269,435).
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements Kuwait National Cinema Company (KNCC) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31,    March 31,
     2013     2012
Profit (loss) (KD)    1,861,104    1,715,787
EPS (FILS)    18.69    17.17
Total current assets    12,615,844    16,231,389
Total assets    67,453,026    73,294,812
Total current liabi
lities    16,652,031    25,038,568
Total liabilities    17,702,820    25,897,414
Total shareholders' 
equity    49,750,206    47,397,398
The total revenue from transactions with related parties is worth KD 615,540 and total expenses amounts to KD 48,990.
Continued on Page 42
 Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Dar Al Thuraya Real Estate Company (Thuraya) for the first quarter ending March 31, 2013, dated May 8, 2013. 

Particulars    March 31, 2013 March 31, 2012
Profit (loss) (KD)    13,413    (58,839)
EPS (FILS)    0.0915    (0.0398)
Total current assets    1,336,838    1885378
Total assets    19,200,514    18,828,220
Total current liabilities    344,767    305,892
Total liabilities    1,201,088    1,175,249
Total shareholders' equity    16,302,457    15,876,336
The total revenue from transactions with related parties is worth KD 2,777 and total expenses from transactions with related parties amounts to KD 23,867.
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of First Investment Company (FIC) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (loss) (KD)    135,160    2,049,649
EPS (FILS)    0.21    3.1
Total current assets    13,050,203    68,611,879
Total assets    145,071,610    158,210,482
Total current liabilities    7,275,781    16,297,047
Total liabilities    32,314,386    46,324,235
Total shareholders' equity    93,135,760    92,016,325
he total revenue from transactions with related parties is worth KD 4,219. Total expenses from transactions with related parties amounts to KD 334,970.
 

Board of Directors approved on May 8, 2013 the financial statements of Tijara and Real Estate Investment Company for the first quarter ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (loss) (KD)    (246,858)    (331,300)
EPS (FILS)    (0.64)    (0.86)
Total current assets    7,803,241    8,282,942
Total assets    69,130,306    71,911,374
Total current liabilities    2,245,515    3,796,669
Total liabilities    36,517,233    38,104,958
Total shareholders' equity    32,613,073    33,806,416
 

Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Kuwait Insurance Company (KIC) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (loss) (KD)    2,426,207    2,257,690
EPS (FILS)    12.99    11.95
Total current assets    46,661,525    43,785,905
Total assets    136,069,390    121,616,036
Total current liabilities    18,310,858    19,088,682
Total liabilities    88,550,627    74,157,752
Total shareholders' equity    47,518,763    47,458,284
The total revenue from transactions with related parties is worth KD 632,894. Total expenses from transactions with related parties amounts to KD 1,984,856.

Board of Directors approved the financial statements of Salhia Real Estate Company (Salhia) for the first quarter ending March 31, 2013, dated May 8, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (loss) (KD)    2,515,750    2,286,502
EPS (FILS)    5.1    4.6
Total current assets    23,876,258    23,408,160
Total assets    278,760,155    286,373,227
Total current liabilities    20,227,677    34,792,448
Total liabilities    144,198,369    152,420,381
Total shareholders' equity    131,901,426    131,235,780
Total expenses from transactions with related parties amounts to KD 329,649.

© Arab Times 2013