ISKAN incurs KWD 362 thousand loss in FY10
Kuwait Stock Exchange (KSE) announces that Housing Finance Company (ISKAN). Obtained yesterday, Sunday, April 24, 2011, the approval of the Central Bank of Kuwait (CBK) on the financial statements for the FY that ended on 31/12/2010, as follows:
1- Financial results:
Item
|
FY ended 31/10/2010
|
FY ended 31/10/2009
|
| Profit (Loss) (KWD)
|
(362.284)
|
(14.950.007)
|
| EPS (LPS) (fils)
|
(1.24)
|
(51)
|
| Total current assets
|
48.885.634
|
65.572.599
|
| Total assets
|
190.862.925
|
204.752.010
|
| Total current liabilities
|
58.664.547
|
80.746.780
|
| Total liabilities
|
153.999.547
|
170.605.210
|
| Total shareholders’ equity
|
20.307.139
|
19.593.119
|
Expenses of dealings with related parties totaled KWD 803.536, with no related revenue recorded.
The board will convene later to discuss these financial statements and dividend payout.
Accordingly, the stock will resume trading ten minutes after this announcement.
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