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International Finance sustains KWD 2 mln losses in 3 months till 31/03/2011

ARZAN ARZAN 2.16% 189.00 4.00

Kuwait Stock Exchange (KSE) announces that International Finance Company (IFC) obtained, today, Sunday, 15/5/2011, the approval of the Central Bank of Kuwait (CBK) on its interim financial statements for Q1 that ended on 31/3/2011, as follows:


- Current periods:

Item

3 months till 31/03/2011

3 months till 31/03/2010

Profit (Loss) (KWD)

(2.027.401)

 (947.979)‏

EPS (LPS) (fils)

(4.36)

(2.04)‏

Total current assets

51.396.977

70.003.747

Total assets

90.356.852

125.099.398

Total current liabilities

11.163.501

34.910.104

Total liabilities

15.070.315

44.553.411

Total shareholders’ equity

75.286.537

80.545.987


Neither revenue nor expenses of dealings with related parties were recorded. Accordingly, the stock will resume trading 10 minutes after the announcement.

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