NIC posts KWD 4.4 mln profit for FY ended 31/12/2010
Kuwait Stock Exchange (KSE) announces that National Investments Co. (NIC) has obtained on 24/02/2011 the approval of the Central Bank of Kuwait (CBK) on its 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 (Loss) (KWD)
|
4,426,415
|
(26,076,453)
|
EPS (LPS) (fils)
|
5
|
(31)
|
Total current assets
|
35,744,026
|
32,889,348
|
Total assets
|
267,516,880
|
227,485,814
|
Total current liabilities
|
54,760,545
|
44,636,525
|
Total liabilities
|
54,760,545
|
44,636,525
|
Total shareholders’ equity
|
212,756,335
|
182,849,288
|
Total expenses of dealings with related parties reached KWD 1,230,486, with no relevant revenue recorded.
The board will convene later to endorse these financial reports and mull dividend payout.
Accordingly, the stock will resume trading 10 minutes after this announcement.
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