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Mayadeen sustains KWD 2 mln losses in 6 months till 30/06/2010

SHOOTING SHOOTING -2.01% 39.00 -0.80

Kuwait Stock Exchange (KSE) announces that the board of National Ranges Co. (Mayadeen), in its meeting held on Tuesday, 10/8/2010, endorsed the interim financial results for the period that ended on 30/06/2010, as follows:

1- Current periods:

Item

3 months till 30/06/10

6 months till 30/06/10

Profit (Loss) (KWD)

( 1,115,004 )

( 2,065,789 )

EPS (LPS) (fils)

( 1,186 )

( 2,197 )

Total current assets

-

90,531,793

Total assets

-

136,419,940

Total current liabilities

-

68,948,586

Total liabilities

-

69,035,894

Total shareholders’ equity

-

67,384,046

Neither revenue nor expenses of dealings with related parties were recorded.

2- Comparative periods:

Item

3 months till 30/06/09

6 months till 30/06/09

Profit (KWD)

836,471

1,732,601

EPS (fils)

0,890

1,843

Total current assets

-

80,604,315

Total assets

136,677,562

Total current liabilities

-

46,198,960

Total liabilities

-

65,099,146

Total shareholders’ equity

-

71,578,416

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