Kuwait Stock Exchange (KSE) announces that the board of Kuwait Portland Cement Co. (KPCC), in its meeting held yesterday, Wednesday, 09/02/2011, endorsed financial statements for FY that ended on 31/12/2010, as follows:
1) Current periods:

Item	FY till 31/12/10	FY till 31/12/09
Profit (KWD)	22.289.458	12.174.227
EPS (fils)	269.72	147.32
Total current assets	60.536.722	40.062.075
Total assets	85.440.722	62.443.757
Total current liabilities	7.515.544	4.951.111
Total liabilities	9.173.394	7.012.146
Total shareholders’ equity	76.267.102	55.431.611‏

Expenses of dealings with related parties totaled KWD 649.324, with no relevant revenue.

2) Proposed dividend:

The board recommended paying cash dividend at 100% of par value (100 fils per share) and distributing 10-for-100 bonus shares at 10% of paid-in capital for the FY that ended on 31/12/2010.

Shareholders of record till the close of trading on the meeting date are entitled to this dividend, to be financed from FY10 earnings.
This proposal is pending the approval of shareholder meeting and competent authorities.