Ahlia Insurance Nets KD 2.43 Mln In First Quarter

KUWAIT CITY, May 7

Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Kuwait China Investment Company (KCIC) for the first quarter ending March 31, 2013, dated May 6, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    8,341    4,607,485
EPS (FILS)    0.01    5.93
Total current assets    64,661,131    58,539,394
Total assets    97,317,786    93,901,375
Total current liabilities    7,660,554    6,634,909
Total liabilities    7,811,255    6,751,384
Total shareholders' equity    85,647,637    83,779,652

Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Ahlia Insurance Company for the first quarter ending March 31, 2013, dated May 7, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    2,430,295    1,419,723
EPS (FILS)    12.41    7.26
Total current assets    64,989,274    63,402,559
Total assets    158,742,398    152,752,634
Total current liabilities    17,096,925    19,793,416
Total liabilities    68,563,259    68,206,733
Total shareholders' equity 90,179,139    84,545,901
The total revenue from transactions with related parties is worth KD 2,038,018 and total expenses amounts to KD 617,514.

Kuwait Stock Exchange (KSE) announced that the Capital Markets Authority (CMA) approved on May 5, 2013, the request of Warba Insurance Company (Warba) 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 6, 2013 the financial statements of Kuwait Hotels Company for the first quarter ending March 31, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    212,416    193,597
EPS (FILS)    3.8    3.4
Total current assets    6,138,790    4,810,618
Total assets    13,632,038    12,679,928
Total current liabilities    6,185,750    5,730,195
Total liabilities    7,424,215    7,016,539
Total shareholders' equity    6,127,105    5,659,397

Board of Directors of Ikarus Petroleum Industries Company (Ikarus) approved the financial statements for the first quarter ending March 31, 2013, dated May 7, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    1,706,388    3,058,033
EPS (FILS)    2.29    4.1
Total current assets    23,463,936    20,980,752
Total assets    180,828,574    214,112,573
Total current liabilities    38,645,935    37,883,803
Total liabilities    38,645,935    37,883,803
Total shareholders' equity    142,182,639    176,228,770
The total revenue from transactions with related parties is worth KD 55,479 and total expenses amounts to KD 26,362.

Kuwait Stock Exchange announced that the Board of Directors of Injazzat Real Estate Development Company met on May 07, 2013 and adopted the interim financial statements three month period ending March 31, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    852,140    (424,717)
EPS (FILS)    2.5    (1)
Total current assets    12.900,181    8,845,476
Total assets    116,078,765    138,562,269
Total current liabilities    10,938,011    36,460,717
Total liabilities    58,432,286    84,887,960
Total shareholders' equity    57,646,479    53,674,309
Total expenses from transactions with related parties amounts to KD 2,409.


Board of Directors approved the financial statements of Gulf North Africa Holding Company (GNAHC) for the first quarter ending March 31, 2013, dated May 7, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    (59,198)    (45,986)
EPS (FILS)    (0.41)    (0.32)
Total current assets    2,424,823    5,453,802
Total assets    14,337,679    15,853,453
Total current liabilities    1,432,570    86,546
Total liabilities    1,462,395    124,783
Total shareholders' equity    12,875,284    15,728,670
Total revenue from transactions with related parties is worth KD 12,283.

Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Refrigeration Industries and Storage Company (RISCO) for the first quarter ending March 31, 2013, dated May 6, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    556,018    373,896
EPS (FILS)    6.3    4.3
Total current assets    17,064,070    12,091,157
Total assets    26,477,973    20,825,830
Total current liabilities    7,840,294    4,825,360
Total liabilities    8,638,594    5,584,830
Total shareholders' equity    17,839,379    15,241,000


Board of Directors approved the financial statements of Al-Eid Food Company (Al-Eid) for the first quarter ending March 31, 2013, dated May 6, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    225,439    236,234
EPS (FILS)    2.81    2.95
Total current assets    13,028,691    12,503,863
Total assets    13,916,207    13,600,126
Total current liabilities    3,094,882    3,349,344
Total liabilities    4,824,460    5,260,230
Total shareholders' equity    9,091,747    8,339,896

Equipment Holding Company (Equipment) reported that the Board of Directors met on May 6, 2013 and approved the financial statements for the first quarter ending March 31, 2013. 
Particulars    Mar 31, '13    Mar 31, '12
Profit (loss) (KD)    2,523,076    183,627
EPS (FILS)    18.49    1.35
Total current assets    12428842    14,711,075
Total assets    34,727,780    42,940,005
Total current liabilities    15,920,371    24,562,980
Total liabilities    18,959,730    26,468,162
Total shareholders' equity    14,951,860    15,780,107
Total expenses from transactions with related parties amounts to KD 49,282.

Equipment Holding Company announced that its wholly owned subsidiary Al Khadda International General Trading & Contracting Company has won tender No. 13050681, issued by Kuwait Oil Company (KOC) at a total value of KD 3,348,434 for the maintenance of Al Ahmadi Hospital building. Procedures of signing relevant contracts and documents are underway.

© Arab Times 2013