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Afaq makes KWD 244 thousand in 3 months till 30/11/2010

AFAQ AFAQ -5.00% 90.00 -5.00

Kuwait Stock Exchange (KSE) announces that the board of Afaq Educational Services Co. ratified, on Thursday, 13/01/2011, the interim financial statements for Q1 that ended on 30/11/2010, as follows:

Item

3 months till 30/11/2010

3 months till 30/11/2009

Profit  (KWD)

244.926

78.900

EPS  (fils)

4.58

1.47

Total current assets

2.587.980

2.517.406

Total assets

7.481.860

7.599.536

Total current liabilities

804.530

1.483.456

Total liabilities

1.470.512

1.940.052

Total shareholders’ equity

6.011.348

5.659.484


Total expenses of dealings with related parties reached KWD 70.000, with no relative revenue recorded.

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