SAFTEC sustains KWD 739 thousand losses in 3 months till 31/03/2011
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Tec Holding Company (SAFTEC), in a meeting held on Thursday, 02/06/2011, endorsed the interim financial statements for the fiscal period that ended on 31/03/2011 as follows:
1) Financial results:
| Item
|
3 months ended 31/03/2011
|
3 months ended 31/03/2010
|
| Profit (Loss) (KWD)
|
(739,236)
|
626,224
|
| EPS (LPS) (fils)
|
(1.85)
|
1.56
|
| Total current assets
|
31,833,666
|
35,855,425
|
| Total assets
|
60,750,704
|
63,649,273
|
| Total current liabilities
|
16,420,498
|
12,685,278
|
| Total liabilities
|
19,261,649
|
18,275,256
|
| Total shareholders’ equity
|
40,742,264
|
44,817,112
|
Total expenses of dealings with related parties reached KWD 19,309, with no relevant revenue recorded.
Accordingly, the stock will resume trading as of today, Sunday, June 05, 2011.
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