Aqar board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Aqar Real Estate Investment Co. approved, yesterday, Tuesday, 15/03/2011, financial statements for the FY that ended on 31/12/2010, as follows:
1- Current period:
Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
Profit (Loss) (KWD)
|
118.803
|
(1.321.625)
|
EPS (LPS) (fils)
|
0.51
|
(5.71)
|
Total current assets
|
5.263.869
|
7.598.191
|
Total assets
|
27.840.978
|
27.791.417
|
Total current liabilities
|
819.957
|
4.253.133
|
Total liabilities
|
3.606.961
|
4.314.946
|
Total shareholders’ equity
|
24.234.017
|
23.476.471
|
Total revenue and expenses of dealings with related parties reached KWD 74.503 and KWD 1.839 respectively.
2- Proposed dividend:
The board recommended withholding FY10 dividend, pending the approval of shareholder meeting and competent authorities.
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