Arab Real Estate sustains KWD 3.1 mln losses in 6 months till 30/6/2011
Kuwait Stock Exchange (KSE) announces that the board of Arab Real Estate Co. (AREC), in its meeting held on Tuesday, 9/8/2011, endorsed interim financial results for the period that 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)
|
( 2.463.034 )
|
( 3.133.041 )
|
EPS (LPS) (fils)
|
( 4.87 )
|
( 6.2 )
|
Total current assets
|
-
|
17.465.738
|
Total assets
|
-
|
169.061.692
|
Total current liabilities
|
-
|
32.623.695
|
Total liabilities
|
-
|
99.982.916
|
Total shareholders’ equity
|
-
|
69.069.894
|
Expenses of dealings with related parties reached KWD 65.025, with no relevant revenue recorded.
2- Comparative periods:
Item
|
3 months till 30/6/10
|
6 months till 30/6/10
|
Profit (Loss) (KWD)
|
( 627.372 )
|
( 3.671.514 )
|
EPS (LPS)_(fils)
|
( 1.24 )
|
( 7.26 )
|
Total current assets
|
-
|
2.114.337
|
Total assets
|
-
|
177.070.349
|
Total current liabilities
|
-
|
94.437.134
|
Total liabilities
|
-
|
112.972.867
|
Total shareholders’ equity
|
-
|
64.069.747
|
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