Gypsum board proposes 12% cash dividend for FY10
Kuwait Stock Exchange (KSE) announces that the board of Kuwait Gypsum Manufacturing & Trading Co., in a meeting held today, Monday, February 21, 2011, endorsed the financial statements for the FY that ended on 31/12/2010 as follows:
1) Financial results
| Item
|
FY ended 31/12/2010
|
FY ended 31/12/2009
|
| Profit (KWD)
|
434,261
|
585,528
|
| EPS (fils)
|
14.25
|
19.58
|
| Total current assets
|
2,566,258
|
3,046,904
|
| Total assets
|
6,102,757
|
6,340,055
|
| Total current liabilities
|
474,160
|
449,466
|
| Total liabilities
|
1,302,331
|
1,525,390
|
| Total shareholders’ equity
|
4,800,426
|
4,814,665
|
No revenue or expenses of dealings with related parties were recorded.
2) Proposed dividend
The board recommended paying dividend for FY10 at 12% of the stock’s par value, or 12 fils per share, to shareholders of record on the general meeting date. The proposal is pending the approval of shareholder meeting and competent authorities.
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