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Portland Cement makes KWD 11.1 mln in 6 months till 30/06/2010

PCEM PCEM -0.12% 849.00 -1.00
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Portland Cement Co., in its meeting held today Monday, 02/08/2010, endorsed the interim financial statements for the fiscal periods that ended on 30/06/2010 as follows:

1) Current periods:

Item

3 months till 30/06/10

6 months till 30/06/10

Profit (KWD)

4,749,963

11,102,914

EPS (fils)

57,5

134,4

Total current assets

-

41,938,720

Total assets

-

72,264,001

Total current liabilities

-

5,208,788

Total liabilities

-

7,076,520

Total shareholders’ equity

-

65,187,481



Expenses of dealings with related parties totaled KWD 311,964, with no relevant revenue recorded.

2) Comparative periods:

Item

3 months till 30/06/09

6 months till 30/06/09

Profit (KWD)

8,088,811

10,133,661

EPS (fils)

97,9

122,6

Total current assets

-

42,927,363

Total assets

-

67,587,829

Total current liabilities

-

9,392,012

Total liabilities

-

11,630,831

Total shareholders’ equity

-

55,956,998


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