KUWAIT CITY: The Board of Directors of Aref Investment Group Company met on Sunday Nov 16, 2008 approved and adopted the financial statements for the period ending Sep 30, 2008. The company earned a profit of KD 39.6 million with earning per share of 50 fils for the third quarter period ending Sep 30, 2008 while making a profit of KD 12 million for the three months ending Sep 30, 2008. The net profit includes unrealized profit of KD 14,356,522, unrealized revenue worth KD 2,408,393 and outstanding expenses amounting to KD 6,018,956. During the corresponding period of 2007 the company announced a profit of KD 32 million and KD 8.6 million for the nine and three months ending Sep 30, 2007 respectively.
The Board of Directors of Kuwait Investment Company met on Thursday Nov 13, 2008 approved and adopted the financial statements for the nine months ending Sep 30, 2008. The company earned a profit of KD 12.4 million for the Q3 ending Sep 30, 2008 compared to a profit of KD 37.6 million for the third quarter ending Sep 30, 2007. The profits reduced by 67 percent. The earning per share was valued at 22.56 fils. The net profit of 2008 includes unrealized losses of KD 3964933, unrealized revenue worth KD 148,736 and outstanding expenses amounting to KD 448,416. During the three months period ending Sep 30, 2008 the company earned a profit of KD 684 thousand compared to a profit of KD 8.6 million in 2007.
First Investment Company (FIC) announces a profit of KD 18.3 million or 28.28 fils per share compared to a profit of KD 21.3 million or 36.05 fils per share earned for the nine months ending Sep 30, 2007. The Board of Directors met on Sunday Nov 16, 2008 approved and adopted the interim financial statements of the company for the period ending Sep 30, 2008. The Board reported that the net profit includes unrealized profits of KD 6,401,939, unrealized revenue worth KD 70,398 and outstanding expenses amounting to KD 2,384,018. During the three months ending 2008 the profit amounted to KD 5.3 million or 8.16 fils per share compared to a profit of KD 7.9 million during the same period in 2007.
International Investor Company reported a loss of KD 10.5 million for the nine month ending Sep 30, 2008 which includes unrealized revenue worth KD 857,592 and unpaid expenses amounting to KD 719,051. During the same period 2007 the company earned a profit of KD 15.8 million. For the three months ending Sep 30, 2008 the company reported a loss of KD 2.3 million compared to a profit of KD 10 million in 2007.
The Board of Directors of Nafais Holding Company met on Saturday Nov 15, 2008 approved and adopted the financial statements for the nine months ending Sep 30, 2008. The company incurred a loss of KD 5.1 million for the Q3 ending Sep 30, 2008 which includes unrealized revenue worth KD 2,027,892. During the three months period ending Sep 30, 2008 the company's profit amounting to KD 283 thousand with earning per share 13.32 fils.
© Arab Times 2008
