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Remal makes KWD 1.7 mln profit in 3 months

REMAL REMAL -2.47% 7.90 -0.20

Kuwait Stock Exchange (KSE) announces that the board of Kuwait Remal Real Estate, in a meeting held today, Tuesday, 15/05/2012, endorsed interim financial statements for the fiscal period that ended on 31/3/2012, as follows:

1) Financial results:

Item

3 months ended 31/03/2012

3 months ended 31/03/2011

Profit (KWD)

1,754,352

1,747,525

EPS (fils)

8.324

7.943

Total current assets

1,445,853

138,783

Total assets

78,039,129

71,485,454

Total current liabilities

4,456,546

5,279,289

Total liabilities

33,393,425

34,508,891

Total shareholders' equity

44,645,704

36,976,563

Total expenses of dealings with related parties reached KWD 75,000, with no relevant revenue recorded.

Accordingly, the stock will resume trading as of tomorrow, Wednesday, 16/5/2012.

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