KBT Chalks Red In 2011, LPS 19.38 Fils

KUWAIT CITY, Aug 28

Capital Market Authority approved the interim financial statements of Kuwait Finance and Investment Company (KFIC) for the first half period ending June 30, 2012, dated Aug 15, 2012.
KFIC reported a profit of KD 9,255,591 with EPS valued at 45.29 fils per share for the three months ending June 30, 2012 as compared to a loss of KD 1,163,967 during the same period ending 2011. 

Particulars (6 months June 30, June 30,
ending) 2012 2011
Profit/Loss (KD) 11,504,598 (3,132,181)
Earnings per share
(fils) 56.29 (32.31)
Total current assets 49,581,805 52,096,791
Total assets 77,250,765 90,566,689
Total current liabi-
lities 8,665,496 43,130,604
Total liabilities 41,622,752 127,371,294
Total shareholders'
equity 32,610,192 (39,898,536)
The total revenue from transactions with related parties is worth KD 231,199 and total expenses from transactions with related parties amounts to KD 554,857.


Kuwait Business Town Real Estate Company (KBT) reported that the Board of Directors met on Aug 13, 2012 and approved the annual financial statements for the year ending Dec 31, 2011.
Particulars Dec 31, Dec 31,
2012 2011
Profit/Loss (KD) (15,206,562) 350,521
Earnings per
share/LPS (fils) (19.38) 0.45
Total current assets 16,743,535 30,887,841
Total assets 124,739 593 136,669,804
Total current liabi-
lities 52,827,364 44,250,822
Total liabilities 60,202,364 57,247,038
Total shareholders'
equity 64,525,953 79,412,086
The total revenue and expenses from transactions with related parties amounts to KD (11,742,012) and KD 3,464,777 respectively.
Board of directors recommended not to distribute profits for year ending Dec 31, 2011. Note that this recommendation is subject to approval by the shareholders and the competent authorities.


Kuwait Stock Exchange announced that the Board of Directors of Al-Maidan Dental Clinic Company (Al-Maidan) met on Aug 14, 2012, and adopted the first quarter financial statements for the periods ending June 30, 2012.
Particulars (3 months June 30, June 30,
ending) 2012 2011
Profit/Loss (KD) (522,153) (953,688)
Earnings per
share/LPS (fils) (3.48) (6.36)
Total current assets 5,947,785 4,848,335
Total assets 38,613,364 40,007,443
Total current liabi-
lities 31,628,030 28,419,654
Total liabilities 33,574,744 31,309,124
Total shareholders'
equity 5,038,620 8,698,319
The total revenue from transactions with related parties is worth KD 103,037 Total expenses from transactions with related parties amounts to KD 644,945.

© Arab Times 2012