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Oula Fuel makes KWD 2.9 mln in 9 months till 30/09/2011

OULAFUEL OULAFUEL -0.73% 136.00 -1.00

Kuwait Stock Exchange (KSE) announces that the board of Oula Fuel Marketing Co., in a meeting held today, Monday, 14/11/2011, endorsed the interim financial statements for the fiscal periods that ended on 30/09/2011 as follows:

1) Current periods:

Item

3 months ended 30/09/2011

9 months ended 30/09/2011

Profit (KWD)

882,235

2,917,147

EPS (fils)

2.68

8.93

Total current assets

-

19,768,682

Total assets

-

53,618,777

Total current liabilities

-

10,933,177

Total liabilities

-

11,114,848

Total shareholders’ equity

-

42,503,929

Total revenue and expenses of dealings with related parties reached KWD 7,114,818 and KWD 597,737 respectively.

2) Comparative periods:

Item

3 months ended 30/09/2010

9 months ended 30/09/2010

Profit (KWD)

564,334

2,163,140

EPS (fils)

1.71

6.56

Total current assets

-

14,362,372

Total assets

-

46,716,915

Total current liabilities

-

8,248,592

Total liabilities

-

8,466,913

Total shareholders’ equity

-

38,250,002

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