Amwal Incurs Net Loss Of KD 1.97 Mln In 2012

KUWAIT CITY, March 27

Capital Markets Authority approved Noor Financial Investment Company (Noor) annual financial statements of the company for the year ending Dec 31, 2012, dated March 26, 2013. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     4,518,082    (15,153,392)
Earnings per share (fils)     12.34    (41.38)
Total current assets     71,309,899    93,493,853
Total assets     219,215,946    234,099,751
Total current liabilities     4,340,714    99,413,412
Total liabilities     152,001,131     173,190,963 
Total shareholders' equity     40,811,801    34,258,668 
Total expenses from transactions with related parties amounts to KD 1,447,704 and total revenue from transactions with related parties is worth KD 6,124,282.
The Board recommended not to distribute dividends for the fiscal year ending Dec 31, 2012. The source of distribution will be from the company's retained profits. Note that these recommendations are subject to approval by the shareholders and the competent authorities.  

Capital Markets Authority approved Amwal International Investment Company (Amwal) annual financial statements of the company for the year ending Dec 31, 2012, dated March 26, 2013. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (1,974,508)    (886,812)
Earnings per share (fils)     (11)    (4.8)
Total current assets     6,717,281    1,112,401
Total assets     16,446,427    18,447,529
Total current liabilities     136,823    273,942
Total liabilities     184,941    307,384
Total shareholders' equity     16,261,410    18,140,056
Total revenue from transactions with related parties is worth KD 22,108 and total expenses amounts to KD 96,810. 
The Board recommended not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.   
 
Kuwait Stock Exchange announced that the Board of Directors of Ekttitab Holding Company (Ekttitab) met on March 20, 2013 and annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     217,832    (3,083,855)
Earnings per share (fils)     1.24    (17.58)
Total current assets     6,099,487    20,365,233
Total assets     128,237,670    330,608,712
Total current liabilities     12,855,474    31,241,616
Total liabilities     13,408,033    122,563,806
Total shareholders' equity     114,829,637     114,568,054 
The Board recommended not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.  
 
Kuwait Stock Exchange announced that the Board of Directors of Al-Dar National Real Estate Company (ADNC) met on March 26, 2013 and annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (2,869,486)    75,612
Earnings per share (fils)     (6.98)    0.18
Total current assets     9,038,610    9,416,122
Total assets     79,850,353    82,875,057
Total current liabilities     67,139,929    67,321,352
Total liabilities     67,228,454    67,404,062
Total shareholders' equity     12,621,899    15,470,995
Total expenses from transactions with related parties amounts to KD (75,000).
The Board recommended not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 
Board of Directors approved Dar Al Thuraya Real Estate Company (Thuraya) annual financial statements of the company for the year ending Dec 31, 2012, dated March 26, 2013. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     412,883    151,291
Earnings per share (fils)     2.82    1.03
Total current assets     1,404,556    1,957,537
Total assets     19,179,709    18,811,763
Total current liabilities     338,079    255,701
Total liabilities     1,188,927    1,149,382
Total shareholders' equity     16,288,998    15,882,125
Total revenue from transactions with related parties is worth KD 14,286.
The Board recommended not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.
 
Kuwait Stock Exchange announced that the Board of Directors of Abyaar Real Estate Development Company (Abyaar) met on March 26, 2013 and annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     (11,838,406)    256,751
Earnings per share (fils)     (10.87)    0.25
Total current assets     30,032,216    101,899,006
Total assets     193,602,756    257,217,076
Total current liabilities     63,651,049    132,493,410
Total liabilities     99,004,088    156,816,208
Total shareholders' equity     94,598,668    100,400,868
Total expenses from transactions with related parties amounts to KD 337,457.
The Board recommended not to distribute profits for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.   
 
Al Mowasat Health Care Company's (Mowasat) Board of Directors met on March 26, 2013 and annual financial statements for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     2,180,303    2,108,467
Earnings per share (fils)     22.55    21.80
Total current assets     14,686,758    15,234,528
Total assets     39,319,733    40,244,182
Total current liabilities     6,262,226    7,770,008
Total liabilities     21,086,382    23,203,241
Total shareholders' equity     18,233,351    17,040,941
The Board recommended cash dividends of 10% of the nominal value of the shares 10 fils per share for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

 
Board of Directors of Yiaco Medical Co. (Yiaco) met on March 26, 2013 and annual financial statements of the company for the year ending Dec 31, 2012. 
Particulars     Dec 31, 2012    Dec 31, 2011
Profit (Loss) (KD)     5,043,575    5,033,537
Earnings per share (fils)     30.57    30.50
Total current assets     66,891,333    55,154,930
Total assets     84,727,489     73,576,248 
Total current liabilities     50,272,686    41,847,481
Total liabilities     52,295,824    43,708,329
Total shareholders' equity     32,236,865    29,690,866
Total expenses amounts to KD 759,508. 
The Board recommended cash dividends of 10% of the nominal value of the shares 10 fils per share  and bonus shares 5% of the paid-up capital 5 shares for every 100 shares for the fiscal year ending Dec 31, 2012. Note that these recommendations are subject to approval by the shareholders and the competent authorities.

© Arab Times 2013