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PAPER makes KWD 496 thousand in 6 months till 30/06/2011

PAPER PAPER 7.10% 196.00 13.00

Kuwait Stock Exchange (KSE) announces that the board of Shuaiba Industrial Co. (PAPER), in its meeting held today, Wednesday, 27/07/2011, endorsed the interim financial statements for the fiscal periods that ended on 30/06/2011 as follows:

1) Current periods:

Item

3 months ended 30/06/2011

6 months ended 30/06/2011

Profit (KWD)

260,750

496,146

EPS (fils)

4.56

8.68

Total current assets

-

6,811,247

Total assets

-

 

17.464.542

Total current liabilities

-

3,070,771

Total liabilities

-

3,556,664

Total shareholders’ equity

-

13,907,878

No revenue or expenses of dealings with related parties were recorded.

2) Comparative periods:

Item

3 months ended 30/06/2010

6 months ended 30/06/2010

Profit (KWD)

394,611

780,170

EPS (fils)

6.90

13.65

Total current assets

-

6,871,234

Total assets

-

15,258,610

Total current liabilities

-

1,254,749

Total liabilities

-

1,686,367

Total shareholders’ equity

-

13,572,243

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