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Manazel sustains KWD 1.6 mln losses in 6 months till 30/6/2011

MANAZEL MANAZEL -1.18% 33.50 -0.40

Kuwait Stock Exchange (KSE) announces that the board of Manazel Holding, in its meeting held today, Monday, 8/8/2011, endorsed financial statements for the interim financial results for the period ended on 30/06/2011, as follows:

1- Current periods:

Item
3 months till 30/6/11
6 months till 30/6/11
Profit (Loss) (KWD)
( 728.657 )
( 1.618.492 )
EPS (LPS) (fils)
( 1.02 )
( 2.26 )
Total current assets
-
7.630.173
Total assets
-
121.722.969
Total current liabilities
-
32.485.699
Total liabilities
-
65.275.970
Total shareholders’ equity
-
46.324.382


Expenses of dealings with related parties reached KWD 360.465, with no relevant revenue recorded.

2- Comparative periods:

Item
3 months till 30/6/10
6 months till 30/6/10
Profit (Loss) (KWD)
(685.914 )
( 1.209.731 )
EPS (LPS) (fils)
( 0.96 )
( 1.69 )
Total current assets
-
14.388.187
Total assets
-
132.585.547
Total current liabilities
-
27.397.466
Total liabilities
-
65.429.419
Total shareholders’ equity
-
55.872.614

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