Mudon board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Al Mudon International Real Estate Co., in its meeting held yesterday, Sunday, 13/03/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:
1- Current periods:
| Item |
FY ended 31/12/10 |
FY ended 31/12/09 |
| Profit (KWD) |
310.224 |
136.850 |
| EPS (fils) |
3.1 |
1.37 |
| Total current assets |
1.685.805 |
2.140.871 |
| Total assets |
22.082.918 |
21.894.053 |
| Total current liabilities |
4.282.342 |
3.718.933 |
| Total liabilities |
4.288.686 |
3.720.188 |
| Total shareholders’ equity |
17.794.232 |
18.173.865 |
Expenses of dealings with related parties totaled KWD 220.635, with no relevant revenue recorded.
2- Proposed dividend:
The board recommended withholding FY10 dividend payout. This proposal is subject to the approval of shareholder meeting and competent authorities.
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