Jul 13 2010 |
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KBMMC posts KD 87.5 K Q2 profit
KUWAIT CITY, July 13: Kuwait Stock Exchange announced that the Board of Directors of the Kuwait Building Materials Manufacturing Company ( KBMMC ) met on July 12, 2010, and adopted the Interim financial statements of the company for the periods ending June 30, 2010.For the three months ending June 30, 2010 KBMMC earned a profit of KD 87.5 thousand with earnings per share valued at 3.3 fils as compared to the profit of KD 244 thousand or 9.33 fils per share earned during the same period last year.
Particulars (6 months June 30, June 30,
ending) 2010 2009
Profit (Loss) (KD) 133,891 458,028
EPS (LPS) (fils) 5.1 17.5
Total current assets 2,484,812 2,834,202
Total assets 5,357,198 5,220,199
Total current liabilities 533.811 275,944
Total liabilities 893,054 602.118
Total equity 4,464,144 4,618,081
The total expenditure from transactions with related parties amounts to KD 64,661.
Al-Aman Investment Company announced completion of the procedures established to offload a total of 87,000,000 shares, or 17.89%, of at 100 fils each, totaling KWD 8,700,000.
Abyaar Real Estate Development Company ( Abyaar ) announced that with reference to a previous notification dated June 9, 2010, it has signed Memorandum of understanding, or MOU, to sell 50% of a property it owns in Dubai to an Emirati investor.
Accordingly Abyaar signed the final contract in accordance with the conditions contained in the Memorandum of Understanding.
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