Kuwait Stock Exchange (KSE) announces that the board of Automated Systems, in its meeting held on Monday, 14/2/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:

1- Financial statements:

Item	FY ended 31/12/10	FY ended 31/12/09
Profit (KWD)	523.701	1.548.316
EPS (fils)	13.08	38.67
Total current assets	10.006.284	11.193.101
Total assets	10.776.585	12.060.590
Total current liabilities	1.256.931	1.050.669
Total liabilities	1.683.152	1.488.858
Total shareholders’ equity	9.093.433	10.571.732

 

Revenue and expenses of dealings with related parties totaled KWD 23.199 and KWD 115.908 respectively.

- Proposed dividend:

The board recommended paying cash dividend at 25% of par value or 25 fils a share for the FY that ended on 31/12/2010. Shareholders of record on the general meeting date are entitled to this dividend, which will be financed from retained earnings. This proposal is pending the approval of shareholder meeting and competent authorities.