Arab Real Estate sustains KWD 670 thousand losses in 3 months till 31/03/2011
Kuwait Stock Exchange (KSE) announces that the board of Arab Real Estate Co., in a meeting held yesterday, Sunday 15/05/2011, endorsed the interim financial statements for the fiscal periods 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) |
(670.007) |
(3.044.142) |
EPS (LPS) (fils) |
(1.33) |
(6.03) |
Total current assets |
17.710.946 |
2.370.590 |
Total assets |
170.655.428 |
181.469.000 |
Total current liabilities |
24.135.142 |
96.714.115 |
Total liabilities |
99.434.343 |
115.626.501 |
Total shareholders’ equity |
71.208.569 |
65.812.624 |
Expenses of dealings with related parties totaled KWD (52.187), with no related revenue recorded.
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