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REAM posts KWD 252 thousand profit for 3 months till 31/03/2011

REAM REAM 6.62% 90.20 5.60

Kuwait Stock Exchange (KSE) announces that the board of Real Estate Asset Management Co. (REAM) approved today, Thursday, 05/05/2011, the interim financial statements for the periods that ended on 31/03/2011, as follows:

Item

3 months till 31/03/2011

3 months till 31/03/2010

Profit (KWD)

252.322

162.662

EPS (fils)

2.43

1.56

Total current assets

4.421.674

4.002.960‏

Total assets

18.038.665

18.275.728

Total current liabilities

1.807.062

2.733.671

Total liabilities

2.175.547

3.050.281

Total shareholders’ equity

15.783.976

15.115.108


Total revenue and expenses of dealings with related parties reached KWD 281.586 and KWD 166.136 respectively.

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