Saftec incurs KWD 1.7 mln losses in 9 months till 30/09/2011
Kuwait Stock Exchange (KSE) announces that the board of Al-Safat Tec Holding Co. endorsed yesterday, Monday, Nov. 21st, 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 (Loss) (KWD) |
(618,165) |
(1,775,651) |
| EPS (LPS) (fils) |
(1,55) |
(4,44) |
| Total current assets |
- |
33,512,190 |
| Total assets |
- |
62,385,946 |
| Total current liabilities |
- |
19,416,881 |
| Total liabilities |
- |
21,971,437 |
| Total shareholders’ equity |
- |
39,734,215 |
Revenue and expenses of dealings with related parties totaled KWD 1,611,993 and KWD 52,833 respectively.
2) Comparative periods:
| Item |
3 months ended 30/09/2010 |
9 months ended 30/09/2010 |
| Profit (Loss) (KWD) |
(148,281) |
(627,141) |
| EPS (LPS) (fils) |
(0,37) |
(1,57) |
| Total current assets |
- |
36,161,461 |
| Total assets |
- |
62,111,680 |
| Total current liabilities |
- |
13,900,858 |
| Total liabilities |
- |
17,823,201 |
| Total shareholders’ equity |
- |
43,561,652 |
Accordingly, the stock will resume trading ten minutes after this announcement.
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