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International Finance suffers KWD 6.7 mln losses in FY10

ARZAN ARZAN 1.00% 202.00 2.00

Kuwait Stock Exchange (KSE) announces that International Finance Co. (IFC) obtained, on 27/03/2011, the approval of the Central Bank of Kuwait (CBK) on 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 (Loss) (KWD)

 (6.771.893)

121.446

 

EPS (LPS) (fils)

(14.6)

0.26

 

Total current assets

58.679.897

76.062.039

 

Total assets

101.322.717

133.891.034

 

Total current liabilities

20.362.898

36.816.817

 

Total liabilities

23.441.836

51.096.079

 

Total shareholders’ equity

77.880.81

82.794.955‏

No revenue or expenses of dealings with related parties were recorded.

The board will convene later on to ratify these statements.

Accordingly, the stock will resume trading ten minutes after this announcement.


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