Independent Petroleum generates KWD 2.9 mln profit in 9 months till 30/09/2010
Kuwait Stock Exchange (KSE) announces that the board of Independent Petroleum Group (IPG) endorsed today, Tuesday, 02/11/2010, the interim financial statements for the periods that ended on 30/09/2010, as follows:
1- Current periods:
| Item |
3 months till 30/09/10 |
9 months till 30/09/10 |
| Profit (KWD) |
734.748 |
2.948.694 |
| EPS (fils) |
5.08 |
20.40 |
| Total current assets |
- |
213,056,129 |
| Total assets |
- |
262,516,350 |
| Total current liabilities |
- |
189,837,434 |
| Total liabilities |
- |
196,129,154 |
| Total shareholders’ equity |
- |
66,387,196 |
Revenue and expenses of dealings with related parties totaled KWD 88.929.760 and KWD 88.502.455 respectively.
2- Comparative periods:
| Item |
3 months till 30/09/09 |
9 months till 30/09/09 |
| Profit(loss) (KWD) |
1,603,927 |
4,236,753 |
| EPS(LPS) (fils) |
11.10 |
29.28 |
| Total current assets |
- |
216,823,786 |
| Total assets |
- |
259,187,613 |
| Total current liabilities |
- |
193,282,740 |
| Total liabilities |
- |
200,163,497 |
| Total shareholders’ equity |
- |
59,024,116 |
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