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Cable TV sustains KWD 932 thousand losses in 6 months till 30/06/2010

CABLETV CABLETV 16.67% 14.00 2.00

Kuwait Stock Exchange (KSE) announces that the board of Kuwait Cable Vision Co. (Cable TV), in its meeting held today, Sunday, 01/08/2010, endorsed interim financial statements for the periods that ended on 30/6/2010, as follows:

1) Current periods:

Item

3 months till 30/6/10

6 months till 30/6/10

Profit (Loss) (KWD)

( 825,184 )

( 932,305 )

EPS (LPS) (fils)

( 14,41 )

( 16,29 )

Total current assets

-

2,323,419

Total assets

-

4,427,853

Total current liabilities

-

3,061,579

Total liabilities

-

3,142,157

Total shareholders’ equity

-

1,285,696

Expenses of dealings with related parties totaled KWD 29.254, with no relevant revenue recorded.

2- Comparative periods:

Item

3 months till 30/6/09

6 months till 30/6/09

Profit (Loss) (KWD)

133,452

( 248,836 )

EPS (LPS) (fils)

2,33

( 4,35 )

Total current assets

-

3,008,991

Total assets

-

6,284,188

Total current liabilities

-

3,190,120

Total liabilities

-

3,267,043

Total shareholders’ equity

-

3,017,145

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