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Wethaq incurs KWD 101 thousand losses in 3 months till 31/03/2011

WETHAQ WETHAQ -1.76% 39.00 -0.70

Kuwait Stock Exchange (KSE) announces that the board of Wethaq Takaful Insurance Co., in a meeting held yesterday, Sunday 15/05/2011, endorsed the interim financial statements for the fiscal period that ended on 31/3/2011 as follows:

1) Current periods:

Item

3 months ended 31/03/2011

3 months ended 31/03/2010

Profit (Loss) (KWD)

(101.635)

(787.633)

EPS (LPS) (fils)

(0.93)

(7.17)

Total current assets

3.317.606

3.387.504

Total assets

13.238.151

13.552.377

Total current liabilities

514.631

474.511

Total liabilities

1.452.431

1.456.691

Total shareholders’ equity

10.978.838

11.379.046


Expenses of dealings with related parties totaled KWD 16.500, with no related revenue recorded.

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