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Al Masaken reports KWD 6 thousand profit for 9 months till 30/09/2010

MASAKEN MASAKEN -1.14% 34.60 -0.40

Kuwait Stock Exchange (KSE) announces that the board of Al Masaken International Real Estate Development Co., endorsed on Thursday, 11/11/2010 the interim financial statements for the periods that ended on 30/09/2010, as follows:

1) Current periods:


Item

3 months till 30/09/2010

9 months till 30/09/2010

Profit (KWD)

28,742

6,827

EPS (fils)

0.13

0.02

Total current assets

-

3,605,881

Total assets

-

27,455,926

Total current liabilities

-

2,905,474

Total liabilities

-

2,958,282

Total shareholders’ equity

-

24,366,125

Revenue from dealings with related parties totaled KWD 78,696, with no relevant expenses recorded.

2) Comparative periods:

Item         

3 months till 30/09/2009

9 months till 30/09/2009

Profit (KWD)

75,521

248,030

EPS (fils)

0.38

1.24

Total current assets

-

2,859,182

Total assets

-

26,621,558

Total current liabilities

-

2,173,749

Total liabilities

-

2,226,325

Total shareholders’ equity

-

24,284,757

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