Tahssilat board recommends dividend freeze for FY10
Kuwait Stock Exchange (KSE) announces that the board of Credit Rating & Collection Co. (Tahssilat) approved yesterday, Monday, 24/1/2011, the financial statements for the period that ended on 31/12/2010, as follows:
1- Financial results:
| Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
| Profit (Loss) (KWD)
|
(157.162)
|
(3.544.401)
|
| EPS (LPS) (fils)
|
(0.95)
|
(21.48)
|
| Total current assets
|
17,473.670
|
17.591.776
|
| Total assets
|
19.721.602
|
19.965.753
|
| Total current liabilities
|
116.505
|
145.291
|
| Total liabilities
|
252.282
|
296.130
|
| Total shareholders’ equity
|
19.469.320
|
19.669.623
|
Total revenue from dealing with related parties reached KWD 292.943, with no relevant expenses recorded.
2- Proposed dividend:
The board recommended withholding dividend for FY10.
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