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Aqar suffers KWD 631 thousand losses in 6 months till 30/6/2011

AQAR AQAR 2.77% 63.00 1.70

Kuwait Stock Exchange (KSE) announces that the board of Aqar Real Estate Investments ratified today, Tuesday, 02/08/2011 the interim financial statements for the periods that ended on 30/6/2011, as follows:

1- Current periods:

Item

3 months till 30/6/11

6 months till 30/6/11

Profit (Loss) (KWD)

(696.386)

(623.876)

EPS (LPS) (fils)

(3.01)

(2.7)

Total current assets

-

1.610.144

Total assets

-

27.511.237

Total current liabilities

-

807.894

Total liabilities

-

3.619.339

Total shareholders’ equity

-

23.844.189‏


Expenses of dealings with related parties totaled KWD (1.268), with no relevant revenue recorded.

2- Comparative periods:

Item

3 months till 30/6/10

6 months till 30/6/10

Profit (Loss) (KWD)

(5.323)

41.541

EPS (LPS) (fils)

(0.02)

(0.18)

Total current assets

-

7.425.857

Total assets

-

27.190.846

Total current liabilities

-

2.833.551‏

Total liabilities

-

4.121.572

Total shareholders’ equity

-

23.069.274

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