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Kuwait Insurance reports KWD 3.1 mln profit for 9 months till 30/09/2010

KINS KINS -0.95% 520.00 -5.00

Kuwait Stock Exchange (KSE) announces that the board of Kuwait Insurance Co. endorsed on Wednesday, 03/11/2010 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)

292,020

3,181,852

EPS (fils)

1.52

16.52

Total current assets

-

46,181,019

Total assets

-

127,721,830

Total current liabilities

-

15,082,013

Total liabilities

-

74,345,042

Total shareholders’ equity

-

53,376,788


Total revenue and expenses of dealings with related parties reached KWD 1,544,716 and KWD 518,866 respectively.


2) Comparative periods:


Item

3 months till 30/09/09

9 months till 30/09/09

Profit (Loss) (KWD)

238,432

(4,486,472)

EPS (LPS) (fils)

1.23

(23.12)

Total current assets

-

39,559,100

Total assets

-

114,861,149

Total current liabilities

-

13,210,592

Total liabilities

-

71,413,305

Total shareholders’ equity

-

43,447,844

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