KREC Posts KD 1.62 Mln Q1 Net Profit

Abyaar Chalks Red With KD 519,584 Loss

KUWAIT CITY, May 14

Kuwait Real Estate Company (KREC) reported that the Board of Directors met on May 14, 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)     1,629,628    1,245,642 
EPS  (fils)    1.8    1.37 
Total current assets    20,854,462    16,732,297 
Total assets    178,711,055    75,747,036 
Total current liabilities    10,700,352    8,614,273 
Total liabilities    65,067,163    60,997,091 
Total shareholders' equity    113,643,892     114,749,945 
Total expenses from transactions with related parties amounts to KD 64,269.

Abyaar Real Estate Development Company (Abyaar) reported that the Board of Directors met on May 14, 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)    (519,584)    (947,027) 
EPS  (fils)    (0.47)    (0.9) 
Total current assets    28,549,243    104,461,066 
Total assets    194,828,144    259,439,887 
Total current liabilities    87,092,952    142,949,610 
Total liabilities    99,525,918    155,182,390 
Total shareholders' equity    95,302,226    104,257,497 
Total expenses from transactions with related parties amounts to KD 74,420.

International Finance Company (IFC) received approval on May 14, 2013 from the Capital Markets Authority to the interim financial statements for the first quarter ending March 31, 2013.
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    575,546    390,907 
EPS  (fils)    0.72    0.49 
Total current assets     40,908,388    47,705,566 
Total assets    137,200,510    139,117,808 
Total current liabilities    15,258,972     11,658,718 
Total liabilities    24,503,535    24,206,883 
Total shareholders' equity    112,088,651    113,964,260 
The total revenue from transactions with related parties is worth KD 889,889.

Kuwait Stock Exchange announced that the Board of Directors approved the financial statements Metal and Recycling Company for the first quarter ending March 31, 2013, dated May 13, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    (35,285)    98,310 
EPS  (fils)    (0.72)    0.83 
Total current assets    12,715,802    14,028,165 
Total assets 2    1,899,425    23,866,043 
Total current liabilities    2,582,960    3,092,673 
Total liabilities    2,915,329    3,327,458 
Total shareholders' equity    18,984,096    20,538,585.

Kuwait and Middle East Financial Investment Company (KMEFIC) received approval from the Capital Markets Authority for the interim financial statements for the first quarter ending March 31, 2013, dated May 12, 2013.  
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    341,232    34,807 
EPS  (fils)    1.31    0.13 
Total current assets    20,267,532    22,917,345 
Total assets    52,407,063    53,953,078 
Total current liabilities    805,533    1,659,420 
Total liabilities    28,227,542    29,449,834 
Total shareholders' equity    22,571,915    22,898,223 
The total revenue from transactions with related parties is worth KD 13,938  
Total expenses from transactions with related parties amounts to KD (185,246).

Kuwait Stock Exchange (KSE) announced that the board of the Kuwait Company for Process Plant Cons. & Cont (KCPC) met on May 14, 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)    385,502    575,263 
EPS  (fils)    5.94    8.96 
Total current assets    29,179,744    27,195,424 
Total assets    43,078,201    40,463,427 
Total current liabilities    21,159,361    20,869220
Total liabilities    24,579,672    23,182,639 
Total shareholders' equity    18,498,529    17,280,788 
The total revenue from transactions with related parties is worth KD 3,377  
Total expenses from transactions with related parties amounts to KD 1,864.

Board of Directors approved the financial statements of Kout Food Group Company (Kout Food) for the first quarter ending March 31, 2013, dated May 14, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    1,062,901    915,191 
EPS  (fils)    15    13 
Total current assets    18,112,804    17,793,587 
Total assets    44,512,298    43,439,909 
Total current liabilities    10,449,144    11,464,296 
Total liabilities    13,014,844    13,831,775 
Total shareholders' equity    31,909,763    29,845,928 
Total expenses from transactions with related parties amounts to KD 85,619.

Sultan Center Food Company (Sultan) received approval from the Board of Directors for the interim financial statements for the first quarter ending March 31, 2013, dated May 14, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)    141,701    754,743 
EPS  (fils)    0.25    1.34 
Total current assets    45,198,973    42,442,404 
Total assets    279,485,588    281,227,125 
Total current liabilities    217,886,821    217,227,061 
Total liabilities    239,934,639    241,580,280 
Total shareholders' equity    39,293,219    39,394,287 
Total expenses from transactions with related parties amounts to KD (388,288)

United Food Industries Group (UFIG) reported that the Board of Directors met on May 14, 2013 and adopted the interim financial statements three month period ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     140,533    243,209
EPS (fils)    4.25    7.34
Total current assets    3,702,307    3,688,212
Total assets    8,299,442    8,626,881
Total current liabilities    2,396,290    2,692,705
Total liabilities    2,693,775    2,991,299
Total shareholders' equity    5,374,804    5,267,968

Kuwait Stock Exchange (KSE) announced that the board of the Contracting and Marine Services Company met on May 14, 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)     665,250    204,805
EPS (fils)    3.05    0.94
Total current assets    36,043,708    36,239,979
Total assets    189,696,971    183,094,180
Total current liabilities    44,598,364    40,765,945
Total liabilities    100,901,018    96,805,223
Total shareholders' equity    44,928,583    42,974,555
The total revenue from transactions with related parties is worth KD 9,829,263 and total expenses from transactions with related parties amounts to KD 7,613,836.

Hayat Communications Company (Hayat) reported that the Board of Directors met on May 14, 2013 and approved the interim financial statements for the Q1 ending March 31, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     15,251    (310,441)
EPS (fils)    0.17    (3.44)
Total current assets    15,912,381    17,263,140
Total assets    18,215,428    19,664,250
Total current liabilities    6,332,177    7,289,574
Total liabilities    8,970,484    10,052,729
Total shareholders' equity    8,964,270    9,397,669

Manafae Investment Company (Manafae) received approval from the Capital Markets Authority for the interim financial statements for the first quarter ending March 31, 2013, dated May 13, 2013. 
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     (124,166)    38,430
EPS (fils)    (0.66)    0.20
Total current assets    11,729,741    12,775,523
Total assets    18,222,241    21,770,906
Total current liabilities    187,419    163,852
Total liabilities    783,963    575,490
Total shareholders' equity    17,438,278    21,195,416
The total revenue from transactions with related parties is worth KD 565.
Total expenses from transactions with related parties amounts to KD 166,025.

Boubyan Petrochemical Company (BPCC) reported that the Board of Directors met on May 13, 2013 and adopted the interim financial statements for the year ending April 30, 2013. 
Particulars    April 30, 2013    April 30, 2012
Profit (Loss) (KD)     26,213,810    24,709,745
EPS (fils)    54.68    51.14
Total current assets    143,423,842    152,599,759
Total assets    411,435,165    428,364,307
Total current liabilities    33,831,301    40,024,554
Total liabilities    131,251,948    148,544,400
Total shareholders' equity    278,718,501    278,449,132
The total revenue from transactions with related parties is worth KD 1,067,004.
Total expenses from transactions with related parties amounts to KD 174,634.

Kuwait Stock Exchange announced that the Capital Markets Authority approved the financial statements of Strategia Investment Company (Strategia) on May 13, 2013 for the first quarter ending March 31, 2013.
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     284,288    208,569
EPS (fils)    1.90    1.39
Total current assets    25,324,318    12,549,082
Total assets    26,437,688    14,165,669
Total current liabilities    224,052    288,147
Total liabilities    12,094,188    288 147
Total shareholders' equity    14,343,500    13,877,522
Total expenses from transactions with related parties amounts to KD 50,722.

Board of Directors of Kuwait Slaughterhouse Company (KSH) approved the financial statements for the Q1 ending March 31, 2013, dated May 13, 2013.
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     203,940    161,068
EPS (fils)    6.79    5.36
Total current assets    3,545,651    2,585,901
Total assets    4,518,184    3,660,816
Total current liabilities    155,676    133,630
Total liabilities    202,371    174,342
Total shareholders' equity    4,315,813    3,486,474
Total expenses from transactions with related parties amounts to KD 8,208.

Future Kid Entertainment and Real Estate Company (Future Kid) reported that the Board of Directors met on May 13, 2013 and adopted the interim financial statements three month period ending March 31, 2013
Particulars    March 31, 2013    March 31, 2012
Profit (Loss) (KD)     20,321    68,212
EPS (fils)    0.18    0.59
Total current assets    2,962,129    2,463,950
Total assets    23,504,720    23,980,811
Total current liabilities    1,867,549    1,978,172
Total liabilities    2,646,267    3,324,981
Total shareholders' equity    20,577,436    20,366,869
The total revenue from transactions with related parties is worth KD 26,937.
Total expenses from transactions with related parties amounts to KD 99,128.

© Arab Times 2013