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Argan Real Estate posts KWD 360 thousand profit for 3 months till 31/03/2011

ARGAN ARGAN 0.00% 76.20 0.00

Kuwait Stock Exchange (KSE) announces that the board of Alargan International Real Estate Co., in its meeting held today, Wednesday, 11/5/2011, ratified 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)

360.823

340.959

EPS (fils)

1.41

1.33

Total current assets

20.078.621

22.505.728

Total assets

107.149.878

101.862.082

Total current liabilities

20.749.856

16.887.622

Total liabilities

45.292.007

42.983.969

Total shareholders’ equity

61.857.871

58.878.113


Revenue and expenses of dealings with related parties reached KWD 202.534 and KWD 148.176 consecutively.

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