KAMCO Q1 Profit Rises To KD 703,398

GIH Incurs Net Loss Of KD 112,250 In First Qtr

KUWAIT CITY, May 12

Capital Markets Authority approved the financial statements of KIPCO Asset Management Company (KAMCO) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)    703,398    402,258 
EPS (fils)    2.95    1.68 
Total current assets    19,291,993    27,990,384 
Total assets    76,078,284    146,242,635
Total current liabilities    20,761,468    22,984,539 
Total liabilities     40,953,935    63,235,092 
Total shareholders' equity    33,204,280    82,278,911 
Total revenue from transactions with related parties is worth KD 1,149,508 
Total expenses from transactions with related parties amounts to KD 357,500.

Kuwait Stock Exchange announced that the Capital Markets Authority approved the financial statements of Gulf Investment House (GIH) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    (112,250)    99,671 
EPS (fils)    (0.27)    0.24 
Total current assets    8,734,518    14,286,020 
Total assets    59,908,845    68,586,508 
Total current liabilities    4,023,241    6,814,606 
Total liabilities    41,048,040    49,947,728 
Total shareholders' equity    18,860,805    18,638,780 
Total revenue from transactions with related parties is worth KD 4,295. Total expenses from transactions with related parties amounts to KD 451,962.
 
Oula Fuel Marketing Company (Oula) reported that the Board of Directors met on May 12, 2013 and approved the interim financial statements for the first quarter ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    1,258,006    867,059 
EPS (fils)    3.7    2.5 
Total current assets    22,703,493    20,332,884 
Total assets    61,154,506    55,028,637 
Total current liabilities    13,209,503    11,660,514 
Total liabilities    13,412,754    11,852,870 
Total shareholders' equity    47,741,752    43,175,767 
The total revenue from transactions with related parties is worth KD 262,462 
Total expenses from transactions with related parties amounts to KD 273,851.
 
Soor Fuel Marketing Company (Soor) reported that the Board of Directors met on May 12, 2013 and approved the interim financial statements for the first quarter ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    1,227,467    1,126,630
EPS (fils)    3.54     3.44 
Total current assets    24,564,445    24,876,256 
Total assets    61,690,017    58,615,036 
Total current liabilities    13,410,460    14,344,887 
Total liabilities    13,634,322    14,541,933 
Total shareholders' equity    48,055,695    44,073,103 
Total expenses from transactions with related parties amounts to KD 20,974,417.
 
Capital Markets Authority approved on May 12, 2013 the interim financial statements of Osoul Investment Company (Osoul) for the first quarter ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    149,222    220,494 
EPS (fils)    0.79    1.17 
Total current assets    8,906,338    7,310,379 
Total assets    21,525,023    22,630,003 
Total current liabilities    1,456,607    2,184,206 
Total liabilities    1,598,786    3,437,963 
Total shareholders' equity    19,931,757    19,180,087
 
Kuwait Stock Exchange (KSE) announced that the board of the Al Rai Media Group Company (Al Rai) met on May 12, 2013, and adopted the interim financial statements for the first quarter ending March 31, 2013.
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    1,219,650    1,184,495 
EPS (fils)    5.27    5.12 
Total current assets    6,189,548    4,584,061 
Total assets    44,603,784    44,363,300 
Total current liabilities    5,834,141    6,600,267 
Total liabilities    14,660,208    17,342,134 
Total shareholders' equity    29,943,576    27,021,166 
The total revenue from transactions with related parties is worth KD 71,457 
Total expenses from transactions with related parties amounts to KD 51,514
 
Board of Directors approved the financial statements of Advanced Technology  Company (ATC) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    1,006,797    938,891 
EPS (fils)    6.71    6.26 
Total current assets    79,543,630     74,261,316 
Total assets    103,873,820    88,971,180
Total current liabilities    62,600,569    49,675,965 
Total liabilities    65,712,197    53,689,482 
Total shareholders' equity    38,161,623    35,281,698 
Total revenue from transactions with related parties is worth KD 9,100. Total expenses from transactions with related parties amounts to KD 1,365,672
 
Manazel Holding Company (Manazel) reported that the Board of Directors met on May 12, 2013 and adopted the interim financial statements three month period ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    2,390,007    (740,005) 
EPS (fils)    3.34    (1.03) 
Total current assets    3,399,296    6,406,781 
Total assets     101,464,132    114,169,356 
Total current liabilities    19,736,899    27,810,594 
Total liabilities    63,720,695    68,076,781 
Total shareholders' equity    28,589,116    36,059,958 
Total expenses from transactions with related parties amounts to KD 334,599.
 
Kuwait Stock Exchange (KSE) announced that the board of the Kuwait Resorts Company (MUNTAZAHAT)  met on May 12, 2013, and adopted the interim financial statements for the for the first quarter ending March 31, 2013.
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    403,167    464,500 
EPS (fils)    2.29    2.64 
Total current assets    13,085,548    24,250,327 
Total assets    44,018,855    55,173,706 
Total current liabilities    15,302,335    2,342,430
Total liabilities    27,898,366    38,772,164 
Total shareholders' equity    16,120,489    16,401,542 
Total expenses from transactions with related parties amounts to KD 18,662.
 
International Resorts Company (IRC) reported that the Board of Directors met on May 12, 2013 and approved the interim financial statements for the Q1 period ending March 31, 2013.  
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     (117,705)     (179,266) 
EPS (fils)     (0.76)     (1.16) 
Total current assets     16,874,959     16,232,116 
Total assets     21,452,444     24,302,408 
Total current liabilities     8,559,689     11,397,742 
Total liabilities    8,665,991     11,448,538 
Total shareholders' equity     12,786,453     12,853,870
Total revenue from transactions with related parties is worth KD 9,645. Total expenses from transactions with related parties amounts to KD 54,576.
 
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Warba Insurance Company (Warba) for the first quarter ending March 31, 2013, dated May 12, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     1,382,936     1,560,048 
EPS (fils)     8.01     9.04 
Total current assets     74,415,930     65,778,734 
Total assets     96,151,426     88,204,427 
Total current liabilities     43,565,503     34,929,117 
Total liabilities     47,639,757     41,180,978 
Total shareholders' equity     48,317,661     46,845,761 
The total revenue from transactions with related parties is worth KD 255,141 
Total expenses from transactions with related parties amounts to KD 59,827.
 
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements Real Estate Asset Management Company (REAM) for the first quarter ending March 31, 2013, dated May 12, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     383,969     166,462 
EPS (fils)     3.69     1.6 
Total current assets     5,731,267     4,799,245 
Total assets     18,391,895     17,844,804 
Total current liabilities     1,782,487     1,858,512 
Total liabilities     2,234,044     2,269,537 
Total shareholders' equity     16,071,269     15,491,175 
The total revenue from transactions with related parties is worth KD 228,798 
Total expenses from transactions with related parties amounts to KD 135,04.
 
Board of Directors of Combined Group Contracting Company (CGC) approved the financial statements for the first quarter ending March 31, 2013, dated May 12, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     2,696,200     3,061,677 
EPS (fils)     25.39     28.83 
Total current assets     157,068,337     134,124,784 
Total assets     175,061,833     150,582,093 
Total current liabilities     97153,995     80,326,283 
Total liabilities     127,332,052     106,996,519 
Total shareholders' equity     45,564,481     43,196,114 
Total expenses from transactions with related parties amounts to KD (388,458).
 
Kuwait Stock Exchange (KSE) announced that the Capital Markets Authority (CMA) approved on May 9, 2013, the request of Amar Finance & Leasing Company (Amar) to buy back or sell 5% of its shares maximum over six months starting from the approval date. The repurchase value shall not exceed available equity financing sources.
 
Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Fujairah Cement Industries Company (Fujairah) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (AED)     463,613     5,190,323 
EPS (fils)     0.13     1.5 
Profit (Loss) (KD)     35,773     389,649 
EPS (fils)     0.10     1.1 
Total current assets(AED)      481,200,235     446,835,910 
Total current assets (KD)     37,129,648     33,544,980 
Total assets (AED)     1,770,127,099     1,779,410,502 
Total assets (KD)     136,583,881     133,584,363 
Total current liabilities(AED)      486,290,328     630,873,715 
Total current liabilities (KD)     37,522,402     47,361,114 
Total liabilities (AED)     831,865,044     871,582,270 
Total liabilities (KD)     64,187,118     65,431,648 
Total shareholders' equity(AED    938,262,055    907,828,232 
Total shareholders' equity (KD)     72,396,764     68,152,714 
The total revenue from transactions with related parties is worth KD 125,869.
 
First Dubai Real Estate Development Company (First Dubai) reported that the Board of Directors met on May 09, 2013 and adopted the interim financial statements three month period ending March 31, 2013.
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     890,751     (97,970) 
EPS (fils)     0.89     (0.1) 
Total current assets     27,877,980     29,129,862 
Total assets     66,689,460     66,154,729 
Total current liabilities     13,989,249     15,810,116 
Total liabilities     13,989,249     15,810,116 
Total shareholders' equity     49,151,618     46,987,910 
Total revenue from transactions with related parties is worth KD 6,763 
Total expenses from transactions with related parties amounts to KD 82,633.
 
Yiaco Medicine (Yiaco) reported that the Board of Directors met on May 09, 2013 and adopted the interim financial statements three month period ending March 31, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     1,759,323     2,022,439 
EPS (fils)     10.66     12.26 
Total current assets     68,192,884     59,472,711 
Total assets     85,663,442     77,778,286 
Total current liabilities     49,510,503     43,966,288 
Total liabilities     51,546,854     45,889,323 
Total shareholders' equity     33,932,981     31,705,425 
Total expenses from transactions with related parties amounts to KD 233,247.
 
Kuwait Stock Exchange (KSE) announced that the board of the Al-Nawadi Holding Company (Al-Nawadi)  met on May 9, 2013, and adopted the interim financial statements for the for the first quarter ending March 31, 2013.
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     121,379     410,576 
EPS (fils)     0.95     3.53 
Total current assets     1,768,512     2,531,414 
Total assets     28,976,166     22,982,299 
Total current liabilities     8,999,260     4,820,781 
Total liabilities     10,036,490     6,011,141 
Total shareholders' equity     18,939,676     16,971,158 
Total expenses from transactions with related parties amounts to KD 45,626.
 
Board of Directors approved the financial statements of Bahrain Kuwait Insurance Company (BKIC) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (loss) (BHD)     914,337     917,439 
EPS (fils)     13     13 
Profit (Loss) (KD)     689,546     677,077 
EPS (fils)     10     10 
Total current assets (BHD)    41,774,309     40,976,385 
Total current assets (KD)     31,504,004     30,240,874 
Total assets (BHD)     86,453,348     83,369,227 
Total assets (KD)     65,198,603     61,453,304 
Total current liabilities(BHD)     12,903,254     14,354,329 
Total current liabilities (KD)     9,730,960    10,593,600 
Total liabilities (BHD)     56,665,916     54,857,206 
Total liabilities (KD)     42,734,477     40,485,023 
Total shareholders' equity(BHD)     29,787,431    28,412,02 0 
Total shareholders' equity (KD)     22,464,126     20,968,280.
 
Board of Directors approved the financial statements of Aqar Real Estate Investments Company (Aqar) for the first quarter ending March 31, 2013, dated May 9, 2013. 
Particulars     March 31, 2013    March 31, 2012
Profit (Loss) (KD)     152,553     (6,656) 
EPS (fils)     0.67     (0.03) 
Total current assets     6,432,526     18,00,835 
Total assets     24,412,618     22,908,975 
Total current liabilities     454,768     921,713 
Total current liabilities     468,008     1,155,904 
Total shareholders' equity     23,918,251    21,710,504 
Total revenue from transactions with related parties is worth KD 4,500.

© Arab Times 2013