Marakez board recommends 10% bonus share distribution for FY10
Kuwait Stock Exchange (KSE) announces that the board of Real Estate Trade Centers Co. (Marakez) ratified, on Saturday, 5/3/2011, the interim financial statements for the FY that ended on 31/12/2010, as follows:
1- Financial results:
Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
Profit (KWD)
|
5.453.812
|
1.200.142
|
EPS (fils)
|
51.94
|
11.43
|
Total current assets
|
536.644
|
619.074
|
Total assets
|
29.594.178
|
23.849.083
|
Total current liabilities
|
858.496
|
666.748
|
Total liabilities
|
7.792.936
|
6.835.543
|
Total shareholders’ equity
|
21.801.242
|
17.013.540
|
Total revenue from dealings with related parties reached KWD 5.429.536, with no relevant expenses recorded.
2- Proposed dividend:
The board recommended distribution bonus shares at 10% of paid-in capital (10-for-100), to shareholders of record on their general meeting date.
This recommendation is pending the approval of shareholder meeting and competent authorities.
Accordingly, the stock will resume trading as of today, Sunday, 6/3/2011.
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