Al-Madar incurs KWD 4.5 mln losses in 6 months ended 30/6/2012
Kuwait Stock Exchange (KSE) announced that Al-Madar Finance and Investment Co. obtained, on August 28th, the approval of the Capital Markets Authority (CMA) on interim financial statements for H1 that ended on June 30, 2012.
1- Financial results:
| Item |
3 months till 30/6/12 |
6 months till 30/6/12 |
| Profit (Loss) (KWD) |
(4.023.175) |
(4.550.470) |
| EPS (LPS) (fils) |
(19.91) |
(22.51) |
| Total current assets |
|
31.915.408 |
| Total assets |
|
69.369.158 |
| Total current liabilities |
|
45.958.234 |
| Total liabilities |
|
47.317.053 |
| Total shareholders’ equity |
|
18.388.051 |
Total expenses of dealing with related parties reached KWD 109.475, with no relevant revenue recorded.
2- Comparative figures:
| Item |
3 months till 30/6/11 |
6 months till 30/6/11 |
| Profit (Loss) (KWD) |
474.568 |
(2.643.264) |
| EPS (LPS) (fils) |
2.35 |
(13.08) |
| Total current assets |
|
53.527 |
| Total assets |
|
93.607.690 |
| Total current liabilities |
|
70.870.977 |
| Total liabilities |
|
71.583.798 |
| Total shareholders’ equity |
|
18.989.417 |
Accordingly, the stock will resume trading today, Thursday, Sept. 6th.
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