Manafae posts KD 233,796 Q3 loss

KUWAIT CITY, Nov 22: Board of Director of Kuwait Investment Company (KIC) obtained on Nov 22, 2011, the approval of the Capital Market Authority (CMA) on its interim financial statements for the nine month periods ending Sept 30, 2011. For the three months ending Sept 30, 2011, KIC reported a loss of KD 2,111,880 compared to a loss of KD 2,755,493 incurred during the same period of 2010.

Particulars (9 monthsSept 30, Sept 30, ending) 20112010
Profit (Loss) (KD)1,080,3772,557,476
EPS (LPS) (fils)1.9674.66
Total current assets99,730,076137,094,961
Total assets230,836,315259,094,895
Total current liabilities119,715,554139,518,759
Total liabilities122,884,462141,258,704
Total equity98,074,201108,546,102
Revenue and expenses from dealings with related parties totaled KD 2,441,058 and KD 458,999 respectively.

Investors Group Holding Company's (Investors) Board of Director approved the financial statements for the Q3 periods ending Sept 30, 2011, dated Nov 15, 2011.

For the three months ending Sept 30, 2011, Investors reported a loss of KD 93,648 compared to a loss of KD 408,899 incurred during the same period of 2010.

Particulars (9 monthsSept 30, Sept 30, ending) 20112010
Profit (Loss) (KD)(8,784,276)(779,207)
EPS (LPS) (fils)(8.24)(0.73)
Total current assets3,815,6364,358,305
Total assets72,536,954103,665,469
Total current liabilities1,115,2831,399,754
Total liabilities25,768,31429,204,538
Total equity46,878,58874,621,251
Revenue from dealings with related parties totaled KD (5,864).

Capital Market Authority (CMA) approval on Nov 22, 2011, the financial statements of Manafae Investment Company (Manafae) for the Q3 periods ending Sept 30, 2011.

For the three months ending Sept 30, 2011, the company reported a loss of KD 233,796 or 1.21 fils per share compared to a loss of KD 119,647 incurred during the same period of 2010.

Particulars (9 monthsSept 30, Sept 30, ending) 20112010
Profit (Loss) (KD)(885.666)(597,990)
EPS (LPS) (fils)(4.57)(3.01)
Total current assets13,844,56812,952,407
Total assets24,169,42226,317,551
Total current liabilities174,705141,777
Total liabilities569,149491,072
Total equity23,600,27325,826,479
Revenue and expenses from dealings with related parties totaled KD 16,029 and KD 407,514 respectively.

Kuwait Stock Exchange announced that the Board of Director of Al-Safat Tech Holding Company (SAFTEC) met on Nov 21, 2011, and adopted on its interim financial statements for the fiscal periods ending Sept 30, 2011.

The company reported a loss of KD 618,165 for the three months ending Sept 30, 2011 compared to a loss of KD 148,281 incurred during the same period of 2010.

Particulars (9 monthsSept 30, Sept 30, ending) 20112010
Profit (Loss) (KD)(1,775,651)(627,141)
EPS (LPS) (fils)(4.44)(1.57)
Total current assets33,512,19036,161,461
Total assets62,385,94662,111,680
Total current liabilities19,416,88113,900,858
Total liabilities21,971,43717,823,201
Total equity39,734,21543,561,652
Revenue from dealings with related parties totaled KD 1,611,993 and expenses amounts to KD 52,833.

© Arab Times 2011