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Argan makes KWD 3.9 mln profit in 9 months till 30/09/2010

ARGAN ARGAN 3.66% 85.00 3.00

Kuwait Stock Exchange (KSE) announces that the board of Al Argan International Real Estate Co. (Argan) approved today, Tuesday, 09/11/2010, the interim financial statements for the periods that ended on 30/09/2010, as follows:

1- Current periods:

Item

3 months till 30/09/10

9 months till 30/09/10

Profit  (KWD)

143.930

3.918.122

EPS (LPS) (fils)

0.56

15.29

Total current assets

-

17.739.853

Total assets

-

105.738.282

Total current liabilities

-

18.415.033

Total liabilities

-

43.555.323

Total shareholders’ equity

-

62.182.959


Revenue and expenses of dealings with related parties totaled KWD 457.490 and KWD 406.025 respectively.

2- Comparative periods:

Item

3 months till 30/09/09

9 months till 30/09/09

Profit   (KWD)

1.760.990

3.350.686

EPS  (fils)

6.87

13.07

Total current assets

-

20.348.413

Total assets

-

102.654.947

Total current liabilities

-

17.639.919

Total liabilities

-

44.400.817

Total shareholders’ equity

-

58.254.130



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