07 May 2008
KUWAIT CITY : Al-Tamdeen Investment Company reported that it has obtained the approval of the Central Bank of Kuwait on its financial progress for the period ending March 31, 2008, dated May 04, 2008. The company earned a profit of KD 3,913,074 with EPS valued at 12.59 Kuwaiti fils for the three months ending March 31, 2008. The net profit includes unrealized revenues worth KD 1,032,312 and unpaid expenses amounting to KD 20,268. For the three months ending March 31, 2007 the net profit amounted to KD 2,874,090 with EPS valued at 9.26 Kuwaiti fils.
Kuwait Hotels Company had met on Sunday May 04, 2008 and reported earning a profit of KD 519,620 with EPS valued at 9.67 Kuwaiti fils for the three months ending March 31, 2008 as compared to a profit of KD 545,853 for the three months ending March 31, 2007 with EPS valued at 10.16 Kuwaiti fils. The net profit includes unrealized profits of KD 7,093, unrealized revenue worth KD 368,295 and unpaid expenses worth KD 308,727.
Kuwait Stock Exchange (KSE) announces that KIPCO Asset Management Company had obtained the approval of the Central Bank for the financial statements for the three months ending March 31, 2008, dated May 04, 2008. The company earned a profit of KD 5,208,115 which includes unverified losses of KD 1,225,254, unrealized revenues worth KD 2,413,326 and outstanding expenses amounting to KD 357,875. The EPS of the company valued at 20.10 Kuwaiti fils. For the three months ending March 31, 2007 the net profit of the company amounted to KD 16,308,113 with EPS valued at 63.30 Kuwaiti fils.
The Board of Directors of Bahrain Kuwait Insurance Company had met on May 04, 2008 and adopted the interim financial statements for the period ending March 31, 2008, earning a profit of BHD 1,723,835 which is equivalent to KD 1,240,169 with earnings per share of 28 Bahraini fils (20 Kuwaiti fils). During the corresponding period of 2007 the company earned BHD 1,750,984 or KD 1,259,701, the earnings per share valued at 29 Bahraini fils (21 Kuwaiti fils).
Livestock Transport and Trading Company had met on Sunday May 04, 2008 approved and adopted financial statements for the three months ending March 31, 2008. The company reported a low in the net profit of KD 969,484 for the three months ending March 31, 2008 compared to a profit of KD 2,083,104 during the corresponding period of 2007. The EPS are 4.48 Kuwaiti fils and 9.62 Kuwaiti fils for the three months ending 2008 and 2007. The net profit includes unrealized profits of KD 182,955 and unpaid expenses from transactions worth KD 21,276.
Mabanee Holding Company had met on Sunday May 04, 2008 approved and adopted Financial statements for the three months ending March 31, 2008, earning a net profit of KD 8,731,423, a KD 6 million increase in profits compared to the profit of KD 2,722,442 for the corresponding period of 2007. The net profit of the Q1 of 2008 includes unrealized profits of KD 4,053,767 and unrealized revenue worth KD 980,070.
National Slaughter House had met on Monday May 05, 2008 and approved the recommendation of the governing council to distribute cash dividends at 8 percent of the nominal value per share (8 fils per share) for the financial year ending Dec 31, 2007. The company's shares will be issued from Tuesday May 06, 2008.
The general assembly meeting of the Aref Investment Group Company was convened on Monday May 05, 2008 and approved the recommendation of distributing cash dividend at 60 percent of the nominal value per share (60 fils per share) and the distribution of bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares). The company's shares will be issued from Tuesday May 06, 2008. The board also recommending increase in the capital by 110 percent with nominal value of 100 fils plus issuance charges of 250 fils per share for the financial year ending Dec 31, 2007.
Kuwait Stock Exchange (KSE) announces that the general assembly meeting of the Pearl of Kuwait Real Estate Company will be held on Monday May 19, 2008 at 11 a.m, in the Marina Hotel in the Pearl Hall -- Salmiya to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 for the distribution of cash dividends at 10 percent of the nominal value per share (10 Kuwaiti fils per share) and bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares). Note that this recommendation is subject to approval by the General Assembly and the competent authorities. The board will also discuss other items on the agenda.
KUWAIT CITY : Al-Tamdeen Investment Company reported that it has obtained the approval of the Central Bank of Kuwait on its financial progress for the period ending March 31, 2008, dated May 04, 2008. The company earned a profit of KD 3,913,074 with EPS valued at 12.59 Kuwaiti fils for the three months ending March 31, 2008. The net profit includes unrealized revenues worth KD 1,032,312 and unpaid expenses amounting to KD 20,268. For the three months ending March 31, 2007 the net profit amounted to KD 2,874,090 with EPS valued at 9.26 Kuwaiti fils.
Kuwait Hotels Company had met on Sunday May 04, 2008 and reported earning a profit of KD 519,620 with EPS valued at 9.67 Kuwaiti fils for the three months ending March 31, 2008 as compared to a profit of KD 545,853 for the three months ending March 31, 2007 with EPS valued at 10.16 Kuwaiti fils. The net profit includes unrealized profits of KD 7,093, unrealized revenue worth KD 368,295 and unpaid expenses worth KD 308,727.
Kuwait Stock Exchange (KSE) announces that KIPCO Asset Management Company had obtained the approval of the Central Bank for the financial statements for the three months ending March 31, 2008, dated May 04, 2008. The company earned a profit of KD 5,208,115 which includes unverified losses of KD 1,225,254, unrealized revenues worth KD 2,413,326 and outstanding expenses amounting to KD 357,875. The EPS of the company valued at 20.10 Kuwaiti fils. For the three months ending March 31, 2007 the net profit of the company amounted to KD 16,308,113 with EPS valued at 63.30 Kuwaiti fils.
The Board of Directors of Bahrain Kuwait Insurance Company had met on May 04, 2008 and adopted the interim financial statements for the period ending March 31, 2008, earning a profit of BHD 1,723,835 which is equivalent to KD 1,240,169 with earnings per share of 28 Bahraini fils (20 Kuwaiti fils). During the corresponding period of 2007 the company earned BHD 1,750,984 or KD 1,259,701, the earnings per share valued at 29 Bahraini fils (21 Kuwaiti fils).
Livestock Transport and Trading Company had met on Sunday May 04, 2008 approved and adopted financial statements for the three months ending March 31, 2008. The company reported a low in the net profit of KD 969,484 for the three months ending March 31, 2008 compared to a profit of KD 2,083,104 during the corresponding period of 2007. The EPS are 4.48 Kuwaiti fils and 9.62 Kuwaiti fils for the three months ending 2008 and 2007. The net profit includes unrealized profits of KD 182,955 and unpaid expenses from transactions worth KD 21,276.
Mabanee Holding Company had met on Sunday May 04, 2008 approved and adopted Financial statements for the three months ending March 31, 2008, earning a net profit of KD 8,731,423, a KD 6 million increase in profits compared to the profit of KD 2,722,442 for the corresponding period of 2007. The net profit of the Q1 of 2008 includes unrealized profits of KD 4,053,767 and unrealized revenue worth KD 980,070.
National Slaughter House had met on Monday May 05, 2008 and approved the recommendation of the governing council to distribute cash dividends at 8 percent of the nominal value per share (8 fils per share) for the financial year ending Dec 31, 2007. The company's shares will be issued from Tuesday May 06, 2008.
The general assembly meeting of the Aref Investment Group Company was convened on Monday May 05, 2008 and approved the recommendation of distributing cash dividend at 60 percent of the nominal value per share (60 fils per share) and the distribution of bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares). The company's shares will be issued from Tuesday May 06, 2008. The board also recommending increase in the capital by 110 percent with nominal value of 100 fils plus issuance charges of 250 fils per share for the financial year ending Dec 31, 2007.
Kuwait Stock Exchange (KSE) announces that the general assembly meeting of the Pearl of Kuwait Real Estate Company will be held on Monday May 19, 2008 at 11 a.m, in the Marina Hotel in the Pearl Hall -- Salmiya to discuss the recommendation of the Governing Council for the financial year ending Dec 31, 2007 for the distribution of cash dividends at 10 percent of the nominal value per share (10 Kuwaiti fils per share) and bonus shares at 10 percent of the paid-up capital (10 shares for every 100 shares). Note that this recommendation is subject to approval by the General Assembly and the competent authorities. The board will also discuss other items on the agenda.
© Arab Times 2008
