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Amar reports KWD 1.5 mln profit for FY10

AMAR AMAR 18.85% 70.00 11.10

Kuwait Stock Exchange (KSE) announces that Amar Finance & Leasing Co. obtained, on 24/03/2011, 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)

1.529.046

 (4.531.923)‏

EPS (LPS) (fils)

7.7

(22.7)‏

Total current assets

10.017.009

5.827.264‏

Total assets

33.764.015           

33.560.611‏

Total current liabilities

8.639.104

11.501.219

Total liabilities

10.835.331

12.776.224‏

Total shareholders’ equity

22.928.684

20.784.387


Revenue from dealings with related parties reached KWD 99.304, with no relevant expenses recorded.


The board will ratify these statements tomorrow, Tuesday, 29/03/2011.

Accordingly, the stock will resume trading as of tomorrow.



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