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Kuwait Investment makes KWD 5.3 mln in 6 months till 30/06/2010

KINV KINV 0.00% 180.00 0.00
Kuwait Stock Exchange (KSE) announces that Kuwait Investment Co. (KIC) has obtained on Wednesday, 25/08/2010 the approval of the Central Bank of Kuwait (CBK) on interim financial statements for the period 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 (Loss) (KWD)

(675,356)

5,312,969

EPS (LPS) (fils)

(1.23)

9.68

Total current assets

-

115,622,362

Total assets

-

263,385,999

Total current liabilities

-

140,193,167

Total liabilities

-

142,249,498

Total shareholders’ equity

-

112,029,114



Total revenue and expenses of dealings with related parties reached KWD 1,454,234 and KWD 309,981 respectively.

2) Comparative periods:

Item

3 months till 30/06/09

6 months till 30/06/09

Profit (KWD)

1,319,492

4,138,485

EPS (fils)

2.40

7.54

Total current assets

-

130,397,775

Total assets

-

297,409,344

Total current liabilities

-

151,594,249

Total liabilities

-

157,931,713

Total shareholders’ equity

-

134,656,727


Accordingly, the stock will resume trading 10 minutes after this announcement.

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