IFA Hotels board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of IFA Hotels & Resorts (IFA HR) approved, on Thursday, 30/09/2010, the annual financial statements for the periods that ended on 30/06/2010, as follows:
1- Financial results:
| Item
|
FY ended 30/06/10
|
FY ended 30/6/09
|
| Profit (Loss) (KWD)
|
(19,522,763)
|
11,544,528
|
| EPS (LPS) (fils)
|
(45,20)
|
26,47
|
| Total current assets
|
163,575,574
|
181,438,014
|
| Total assets
|
400,851,994
|
364,835,404
|
| Total current liabilities
|
195,372,170
|
169,183,997
|
| Total liabilities
|
346,832,181
|
289,683,679
|
| Total shareholders’ equity
|
50,786,029
|
71,108,091
|
Total revenue and expenses of dealings with related parties reached KWD 1,621,270 and KWD 422,932 consecutively.
2- Proposed dividend:
The board proposed withholding dividend for the FY that ended on 30/06/2010, pending the approval of shareholder meeting and competent authorities.
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