Mashaer board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Mashaer Holding, in its meeting held on Thursday, 31/3/2011, endorsed financial statements for the FY that ended on 31/12/2010, as follows:
1- Current periods:
Item
|
FY ended 31/12/10
|
FY ended 31/12/09
|
Profit (Loss) (KWD)
|
(24.947.475)
|
4.644.275
|
EPS (LPS) (fils)
|
(139)
|
29
|
Total current assets
|
29.007.895
|
15.371.281
|
Total assets
|
74.008.341
|
100.358.812
|
Total current liabilities
|
25.629.332
|
32.892.931
|
Total liabilities
|
32.185.417
|
32.952.031
|
Total shareholders’ equity
|
41.463.552
|
66.981.833
|
Total expenses of dealings with related parties reached KWD 156.829, with no relevant revenue recorded.
2- Proposed dividend:
The board recommended withholding dividend for the FY10. This proposal is subject to the approval of shareholder meeting and competent authorities.
Comments