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Ajwan incurs KWD 24 thousand losses in 3 months till 31/03/2011

AJWAN AJWAN 3.07% 16.80 0.50

Kuwait Stock Exchange (KSE) announces that the board of Ajwan Gulf Real Estate (Ajwan), approved on Monday, 23/05/2011, 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)

(24.464)

(108.867)

EPS (LPS) (fils)

(0.24)

(1.09)

Total current assets

2.891.352

7.761.634

Total assets

8.271.313

13.478.065

Total current liabilities

169.462

3.854.879

Total liabilities

205.917

3.891.585

Total shareholders’ equity

8.065.396

9.586.477


Neither revenue nor expenses of dealings with related parties were recorded.

Accordingly, the stock will resume trading as of tomorrow, Tuesday, 31/05/2011.

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