KUWAIT CITY : Board of Directors of the Securities Group Company (SGC) met on Monday Aug 4, 2008 approved and adopted the financial statements of the company for the periods ending June 30, 2008. The company posted a net profit of KD 6.6 million which includes unpaid expenses amounting to KD 1,064,947 and unrealized revenue worth KD 2,174,919. The earning of the company was 26.19 fils per share. For the three months ending June 30, 2008 SGC hit a profit of KD 11.2 million with EPS valued at 44.90 fils. The board announces that the earning per share was valued at 0.34 fils for the six months ending June 30, 2008.
National Company for Consumer Industries (NCCI) reported is negotiating to buy two companies for the amount of KD 4 million for the production of elevators and staircases. According to the company it will provide the market management with an update after the completion of the proceedings.
Livestock Transport and Trading Company hits a net profit of KD 1.7 million for the six months ending June 30, 2008. The company obtained the approval of the board of directors on its financial statements for interim periods ending June 30, 2008, dated Aug 5, 2008. The earning per share was valued at 8.11 fils. During the corresponding period of 2007 the company earned KD 3.8 million as profit with earning per share of 17.56 fils. Within the duration of a year the profit has fallen by 55 percent. The net profit for the half year of 2008 includes unrealized profits of KD 190,227 and unpaid total expenses amounting to KD 42,435. For the three months ending June 30, the company's profit also fell from KD 1.7 million earned in 2007 to KD 785 thousand earned this year.
The company board of Burgan Group Holding Company (Burgangrp) had met on Monday Aug 4, 2008 approved and adopted the financial statements of the company for the periods ending June 30, 2008. The company posted a net profit of KD 35.2 thousand for the six months ending June 30, 2008 with earning per share of 0.58 Kuwaiti fils.
The net profit includes unrealized losses of KD 60,794 and unrealized revenue worth KD 5,822. During the three months ending June 30, 2008 the profit was KD 34,036 compared to KD 34,032 for the same period of 2007.
Ajwan Gulf Real Estate Company (Ajwan) announces a net profit of KD 527 thousand for the first half ending June 30, 2008 compared to a profit of KD 603 thousand for the same period of 2007. The board of directors of Ajwan met on Monday Aug 4, 2008 approved and adopted the financial statements for the periods ending June 30, 2008. The company's earning per share (EPS) was valued at 8.48 fils. The net profit includes unrealized losses amounting to KD 158 and unpaid expenses amounting to KD 30,000. For the three months ending June 30, 2008 Ajwan earned a profit of KD 106 thousand compared to KD 276 thousand earned during the same period of 2007.
United Industries Company (UIC) has confirmed that one of its sister companies, which is under the United Industries Group (UIG) and owns 47.5 percent of the shares in the group, has extended a contract with Kuwait Oil Company (KOC) at a total value of KD 1,595,198 within two years.
© Arab Times 2008
