Soor Earns KD 4.04 Millions; EPS 11.67 Fils
KUWAIT CITY, March 12
Capital Markets Authority approved Kuwait China Investment Company (KCIC) annual financial statements of the company for the year ending Dec 31, 2012, dated March 7, 2013.
Particulars Dec 31, 2012 Dec 31, 2011
Profit (Loss) (KD) 5,199,473 (9,279,458)
Earnings per share (fils) 6.69 (11.94)
Total current assets 57,855,219 53,034,293
Total assets 95,490,780 90,366,749
Total current liabilities 7,704,228 8,163,823
Total liabilities 7,823,352 8,267,840
Total shareholders' equity 84,416,017 78,869,901
The total revenue from transactions with related parties is worth KD 142,113.
Note that the Board of Directors will meet on March 17, 2013 to discuss the dividend.
Kuwait Stock Exchange announced that the board approved Soor Fuel Marketing Company's (Soor) annual financial statements of the company for the year ending Dec 31, 2012, dated March 11, 2013.
Particulars Dec 31, 2012 Dec 31, 2011
Profit (Loss) (KD) 4,046,958 4,484,108
Earnings per share (fils) 11.67 12.84
Total current assets 23,081,514 22,109,886
Total assets 58,858,746 55,556,047
Total current liabilities 11,823,426 10,675,533
Total liabilities 12,030,518 12,527,262
Total shareholders' equity 46,828,228 43,028,785
The total expenses from transactions with related parties amounts to KD 80,240,371.
The Board recommended distributing cash dividends of 5% of the nominal value of the shares 5 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
