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HEISCO makes KWD 1.7 mln in 6 months till 30/06/2010

SHIP SHIP -0.36% 842.00 -3.00

Kuwait Stock Exchange (KSE) announces that the board of Heavy Engineering and Ship Building Co. (HEISCO), in its meeting held on Sunday, 15/8/2010, endorsed the interim financial results for the 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)

1.489.448

1.741.033

EPS (fils)

9.11

10.65

Total current assets

-

53.254.642

Total assets

-

84.847.920

Total current liabilities

-

53.079.551

Total liabilities

-

59.617.958

Total shareholders’ equity

-

25.229.962‏

Neither revenue nor expenses of dealings with related parties were recorded.

2- Comparative periods:

Item

3 months till 30/06/09

6 months till 30/06/09

Profit (KWD)

2.265.299

3.270.387‏

EPS (fils)

13.86

20

Total current assets

-

61.528.716‏

Total assets

-

93.363.457‏

Total current liabilities

-

64.818.775

Total liabilities

-

71.366.286

Total shareholders’ equity

-

21.997.171

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