Alaqaria board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Real Estate Holding (Alaqaria), in its meeting held on Thursday, 31/3/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:
1- Current periods:
Item |
FY ended 31/12/10 |
FY ended 31/12/09 |
Profit (Loss) (KWD) |
(4.173.376) |
(9.044.918) |
EPS (LPS) (fils) |
(13.53) |
(29.31) |
Total current assets |
8.796.775 |
12.732.966 |
Total assets |
61.256.947 |
65.657.335 |
Total current liabilities |
29.021.104 |
31.923.403 |
Total liabilities |
34.903.864 |
38.086.881 |
Total shareholders’ equity |
26.321.112 |
27.528.319 |
Revenue and expenses of dealings with related parties totaled KWD 105.587 and KWD 309.671 respectively.
2) Proposed dividend:
The board recommended withholding dividend for FY10. This proposal is subject to the approval of shareholder meeting and competent authorities.
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