Kuwait Stock Exchange (KSE) announces that the board of Kuwait China Investment Co. (KCIC) endorsed 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  (KWD)	4.619.031	8.683.587
EPS  (fils)	5.8	10.9
Total current assets	57.414.881	31.610.655
Total assets	91.375.717	87.977.001
Total current liabilities	3.297.498	3.456.678
Total liabilities	3.425.454	3.546.737
Total shareholders’ equity	87.950.263	84.430.264

 

Total revenue from dealings with related parties reached KWD 274.460, with no expenses recorded.

The Central Bank of Kuwait (CBK) approved these financial statements yesterday, Monday, 28/3/2011.

2- Proposed dividend:

The board recommended withholding dividend for the FY that ended on 31/12/2010. This proposal is subject to the approval of shareholder meeting and competent authorities.

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