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Arkan makes KWD 283 thousand in 3 months till 31/01/2011

ARKAN ARKAN -3.51% 110.00 -4.00

Kuwait Stock Exchange (KSE) announces that the board of Arkan Al-Kuwait Real Estate approved today, Monday, 14/03/2011, the interim financial statements for Q1 that ended on 31/01/2011, as follows:

1- Financial results:

Item

3 months ended 31/1/11

3 months ended 31/1/10

Profit (Loss) (KWD)

283.247

 (1.608.162)‏

EPS (LPS) (fils)

1.3

 (7.3)‏

Total current assets

1.629.405

2.159.822

Total assets

33.752.758

35.552.969

Total current liabilities

9.138.516

5.329.665

Total liabilities

9.348.140

10.656.128‏

Total shareholders’ equity

24.404.618

24.896.841

Total revenue from dealings with related parties reached KWD 132.000, with no relevant expenses recorded.

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