Automated Systems Co KPSC (ASC) News - Mubasher Info
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Automated Systems Co KPSC (ASC)

Last update: 27 March 01:14 PM market time.
262.00
-2.00
-0.76%
Open 252.00
Previous Close 264.00
High 262.00
Low 251.00
Stock Statistics
Volume 13,500
Turnover 3,436.00
All data are 15 minutes late during market session

News

The service contract shall be effective for two years
31 March 2020 10:25 AM Automated Systems to offer infrastructure services to Kuwait Airways
Mubasher: Kuwait Airways has accepted Automated Systems’ offer to provide infrastructure services for KWD 3.7 million. The service contract shall be effective for two years commencing as of Wednesday, 1 April 2020, until 31 March 2022, Automated …
Automated Systems’s profits shrank by 92.9% in Q1-19
25 July 2019 10:21 AM Automated Systems Q2-19 financials turn to losses
Mubasher: The financial statements of Automated Systems have indicated to a negative turn in the results of the second quarter of 2019, compared to profits registered in the corresponding period last year. The losses of the period amounted to …
Automated Systems will distribute the dividends on 23 May
28 April 2019 03:01 PM Automated Systems nods to 4 fils/shr dividend for FY18
Mubasher: The shareholders of Automated Systems have approved the board’ recommendation to distribute 4 fils per share as cash dividends for the full fiscal year 2018. Dividends represent 4% of the firm’s capital, according to a bourse statement …
Gulf Franchising’s shares have a value of KWD 150,000 ($496,000)
14 October 2018 11:54 AM Automated Systems purchases Gulf Franchising’s stake in firm
Mubasher: Automated Systems has signed a contract to purchase Gulf Franchising Holding’s equity in Franchise International General Trading. Gulf Franchising’s shares have a value of KWD 150,000 ($496,000). Following this acquisition, Automated …
Kuwait Airways’ investment portfolio is distributed as 75.8% in Alafco
23 May 2018 10:53 AM Kuwait Airways invests KWD 44.5m in listed firms
Mubasher: Kuwait Airways currently invests in three companies listed on Boursa Kuwait with operational business alike Kuwait Airways, as reported by Al Anba Newspaper, according to an official document. The Kuwaiti airline company pumped KWD 44.5 …
Board members recommended a cash dividend of 15%
6 March 2018 10:20 AM Automated Systems FY17 profits shrink; 15% dividends proposed
Mubasher: Automated Systems reported a drop of 28.8% in profits during the fourth quarter of 2017 compared to the same period in the previous year. Earnings shrank to KWD 237,000 ($791,600) in Q4-17 from KWD 333,000 ($1.11 million) in Q4-16, …
Photo Credit: Arabianeye-Reuters
9 May 2017 02:21 PM Automated Systems to raise capital through bonus
Kuwait – Mubasher: The ordinary general meeting (OGM) of Automated Systems approved raising the authorised, issued, and paid-up capital through distributing 33.2% of capital as bonus shares. The company’s capital will increase by distributing …
Automated Systems stock ended Thursday higher (Photo Credit: Arabianeye-Reuters)
23 February 2017 03:57 PM Automated Systems posts lower profits in Q4
Mubasher: Automated Systems reported a drop of 41.3% in profits during the fourth quarter of 2016, compared to the same period a year ago. Earnings shrank to KWD 333,000 ($1.09 million) in Q4-16 from KWD 567,000 ($1.85 million) in Q4-15. During …
A return standing for 10% is expected from this agreement (Photo Credit: Arabianeye-Reuters)
29 December 2016 09:26 AM Automated Systems inks KWD 47,824 deal
Kuwait – Mubasher: Automated Systems has signed an agreement worth KWD 47,824 for programming and consultancy services. Revenues from this deal will be registered in the quarterly financial statements starting from the first quarter of 2017, …
Earnings increased by 68.25% (Photo Credit: Arabianeye-Reuters)
17 November 2016 03:38 PM Automated Systems posts higher profits in Q3
Kuwait – Mubasher: Automated Systems reported a rise of 26.76% in profits to nearly KWD 372,610 ($1.22 million) during the third quarter this year as compared to around KWD 293,950 ($964,430) in the same period a year ago. During the nine-month …
Purchase offers totalled 122,000 shares (Photo Credit: Arabianeye-Reuters)
18 July 2016 11:50 AM Automated Sysytems’ stock hits 12 year-high
Kuwait-Mubasher: The stock of Automated Systems topped the winners of Kuwait Stock Exchange (KSE) an hour before closing Monday’s session. The stock jumped by 9.43% or 25 fils to reach 290 fils; the highest level in 12 years. About 51,730 shares …
Headquarters of Automated Systems (Photo Credit: Company website )
22 May 2016 11:01 AM Automated Systems to consider capital raise, dividends
Kuwait-Mubasher: Automated Systems will hold its ordinary and extraordinary general meetings on 5 June to consider capital raise and the dividends proposed for the fiscal year ended 31 December, 2015. The EGM will discuss increasing the capital to …
Headquarters of Automated Systems (Photo archive)
3 April 2016 03:17 PM Automated Systems reports profits in Q4
Kuwait-Mubasher: Automated Systems achieved profits worth around 566,600 ($1.87 million) in the fourth quarter of 2015, against losses worth about KWD 36,190 ($119,200) in Q4-14, according to a recent statement. The Kuwait-listed firm reported …
Photo Credit: Arabianeye-Reuters
7 April 2015 09:08 AM Automated Systems expects KWD 17.6m revenues from KAC's contract
Kuwaiti listed Automated Systems Co. expects revenues of KWD 17.6 million from its new contract with Kuwait Airways Corporation (KAC).The revenues figures will be reflected in the company's financial statements as of the third quarter of 2015, the …
Photo Credit: Arabianeye-Reuters
1 April 2015 03:06 PM Automated Systems inks $53.5m deal
Automated Systems Company has signed an agreement with Kuwait Airways for KWD 16.12 million ($53.5 million) to provide infrastructure services.The contract duration is for five years starting on Wednesday, 1 April.Revenues of the contract will be …
Photo Credit: Arabianeye-Reuters
5 March 2015 02:18 PM Automated Systems proposes cash dividends, bonus shares
Automated Systems Company achieved a net profit up by 0.69% in the fiscal year of 2014.Automated posted earnings worth KWD 1.49 million (about $5.01 million) in 2014, compared to KWD 1.48 million (about $4.97 million) in 2013.The firm’s total …
3 August 2014 00:54 PM Automated Systems profit inches 5.2% in H1
Automated Systems said its interim financial statements for H1-FY14 has showed KWD 1.04 million net profit up by 5.2% from KWD 989 thousands in the same period of previous year.Company achieved operating profit of KWD 992.3 thousands in …