Aayan Leasing board recommends FY10 dividend freeze
Kuwait Stock Exchange (KSE) announces that the board of Aayan Leasing & Investment Co. (ALIC) obtained on 16/06/2011, the approval of the Central Bank of Kuwait (CBK) on financial statements for the fiscal year that ended on 31/12/2010, as follows:
1- Financial statements:
Item |
FY ended 31/12/2010 |
FY ended 31/12/2009 |
Profit (Loss) (KWD) |
(73.358.493) |
(24.112.108) |
EPS (LPS) (fils) |
(222.58) |
(73.13) |
Total current assets |
158.162.933 |
162.182.723 |
Total assets |
510.109.512 |
475.343.766 |
Total current liabilities |
400.371.774 |
407.721.785 |
Total liabilities |
436.985.778 |
422.343.994 |
Total shareholders’ equity |
31.200.238 |
7.251.909 |
Revenue and expenses of dealings with related parties totaled KWD 672.706 and KWD 3.307.003 respectively.
2- Proposed dividend:
The board recommended withholding dividend for the fiscal year that ended on 31/12/2010. This recommendation is pending the approval of shareholder meeting and competent authorities.
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